The new date displays high confidence in WA as it readies itself to welcome back migrants and travellers given its high vaccination rates. Once the borders reopen, interstate travellers who are fully vaccinated (including a third dose if they are eligible) will be able to travel to WA without quarantining. All international migrants and travelers will be allowed back in, but those who are unvaccinated must spend seven days in hotel quarantine.
Australia’s unemployment rate is unchanged from a month earlier and remains at 4.2% with employment rising by 12,900 to a new record high of 13.26 million as part-time employment also increased 30,000 to 4,177,600.
The Labour Market.
Western Australia’s economic growth gathered pace in 2021 as the strength in Western Australia’s labour market continued with the unemployment rate falling from 3.8% in November 2021 to 3.4% in December 2021. This was the lowest unemployment rate of all states and territories in Australia.
The outlook for Western Australia’s labour market continues to be positive. Measures of job vacancies are shown at very high levels and increased economic activity has created strong competition for labour and skills across industries and new job opportunities.
Western Australia’s retail turnover continued to grow strongly in November 2021, supported by favourable labour market conditions and consumers diverting their spending from overseas and interstate travel into retail goods and services.
Western Australia has a large amount of a housing construction pipeline that will support building activity in Western Australia over the next 12 to 18 months.
Final investment decisions for a number of large gas projects in 2021, including the Scarborough Pluto Train 2 project, should support engineering construction activity over the next few years.
Western Australia exported $16.4 billion of goods in November 2021, 1.4% more than in October 2021 and 1.0% more than a year ago.
Western Australia also had 40,471 international student enrolments between January and November 2021.
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