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INSIGHTS THAT MOVE THE HUNTER REGION FORWARD
The Hunter Region in transition…
ECONOMIC UPDATE
Friday, 25 July 2014
INSIGHTS THAT MOVE THE HUNTER REGION FORWARD
Hunter Region, June 2014
THE CHALLENGE OF TRANSITION
REGIONAL OUTLOOK
• Softness in labour market
• Consumer and business sentiment
• New information and communication
technology (ICT) survey
• Youth connectedness
INSIGHTS THAT MOVE THE HUNTER REGION FORWARD
Labour Market
EMPLOYMENT
3000
3100
3200
3300
3400
3500
3600
3700
3800
3900
4000
240
250
260
270
280
290
300
310
320
JUN 09 JUN 10 JUN 11 JUN 12 JUN 13 Jun 14
'000
Hunter Employed persons (actual data)
Hunter Three month moving average (trend data)
NSW
NSW, Three month moving average
SOURCE: Australian Bureau of Statistics, Monthly Labour Force Survey
Hunter NSW
HUNTER REGION EMPLOYMENT NUMBERS
INSIGHTS THAT MOVE THE HUNTER REGION FORWARD
Labour Market
UNEMPLOYMENT
2%
3%
4%
5%
6%
7%
8%
JUN 04 JUN 06 JUN 08 JUN 10 JUN 12 Jun 14
SOURCE: Australian Bureau of Statistics, Monthly Labour Force Survey
HUNTER
NSW
HUNTER REGION UNEMPLOYMENT RATE (3 month moving average)
INSIGHTS THAT MOVE THE HUNTER REGION FORWARD
Consumer Confidence
TRENDING DOWNWARDS
INSIGHTS THAT MOVE THE HUNTER REGION FORWARD
Outlook for the Regional Economy
SUBDUED
INSIGHTS THAT MOVE THE HUNTER REGION FORWARD
Information & Communications Technology (ICT)
RESIDENTS INTERNET USE VIA MOBILE
INSIGHTS THAT MOVE THE HUNTER REGION FORWARD
Information & Communications Technology (ICT)
HUNTER BUSINESS
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Internet
connection
Dedicated
website
Advertise goods
& services on
website
Marketing via
social media
Take orders on
website
% Hunter businesses with..
Source: HRF, Business Survey June 2014
HUNTER BUSINESS USEAGE OF ICT
INSIGHTS THAT MOVE THE HUNTER REGION FORWARD
Regional Resilience
PARTICIPATION IN EARNING AND LEARNING
INSIGHTS THAT MOVE THE HUNTER REGION FORWARD
In Summary
• Hunter economy faces forces of
structural change
• Challenge in ageing population and
retaining young people
• Challenge also in building a knowledge
economy: sectors in transition, skilling
and retaining young people, maximising
returns from the ‘digital economy’
• Urban renewal may assist
INSIGHTS THAT MOVE THE HUNTER REGION FORWARD
INSIGHTS THAT MOVE THE HUNTER REGION FORWARD
Thank you

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HRF Economic Update July 2014

  • 1. INSIGHTS THAT MOVE THE HUNTER REGION FORWARD The Hunter Region in transition… ECONOMIC UPDATE Friday, 25 July 2014
  • 2. INSIGHTS THAT MOVE THE HUNTER REGION FORWARD Hunter Region, June 2014 THE CHALLENGE OF TRANSITION REGIONAL OUTLOOK • Softness in labour market • Consumer and business sentiment • New information and communication technology (ICT) survey • Youth connectedness
  • 3. INSIGHTS THAT MOVE THE HUNTER REGION FORWARD Labour Market EMPLOYMENT 3000 3100 3200 3300 3400 3500 3600 3700 3800 3900 4000 240 250 260 270 280 290 300 310 320 JUN 09 JUN 10 JUN 11 JUN 12 JUN 13 Jun 14 '000 Hunter Employed persons (actual data) Hunter Three month moving average (trend data) NSW NSW, Three month moving average SOURCE: Australian Bureau of Statistics, Monthly Labour Force Survey Hunter NSW HUNTER REGION EMPLOYMENT NUMBERS
  • 4. INSIGHTS THAT MOVE THE HUNTER REGION FORWARD Labour Market UNEMPLOYMENT 2% 3% 4% 5% 6% 7% 8% JUN 04 JUN 06 JUN 08 JUN 10 JUN 12 Jun 14 SOURCE: Australian Bureau of Statistics, Monthly Labour Force Survey HUNTER NSW HUNTER REGION UNEMPLOYMENT RATE (3 month moving average)
  • 5. INSIGHTS THAT MOVE THE HUNTER REGION FORWARD Consumer Confidence TRENDING DOWNWARDS
  • 6. INSIGHTS THAT MOVE THE HUNTER REGION FORWARD Outlook for the Regional Economy SUBDUED
  • 7. INSIGHTS THAT MOVE THE HUNTER REGION FORWARD Information & Communications Technology (ICT) RESIDENTS INTERNET USE VIA MOBILE
  • 8. INSIGHTS THAT MOVE THE HUNTER REGION FORWARD Information & Communications Technology (ICT) HUNTER BUSINESS 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Internet connection Dedicated website Advertise goods & services on website Marketing via social media Take orders on website % Hunter businesses with.. Source: HRF, Business Survey June 2014 HUNTER BUSINESS USEAGE OF ICT
  • 9. INSIGHTS THAT MOVE THE HUNTER REGION FORWARD Regional Resilience PARTICIPATION IN EARNING AND LEARNING
  • 10. INSIGHTS THAT MOVE THE HUNTER REGION FORWARD In Summary • Hunter economy faces forces of structural change • Challenge in ageing population and retaining young people • Challenge also in building a knowledge economy: sectors in transition, skilling and retaining young people, maximising returns from the ‘digital economy’ • Urban renewal may assist
  • 11. INSIGHTS THAT MOVE THE HUNTER REGION FORWARD INSIGHTS THAT MOVE THE HUNTER REGION FORWARD Thank you