Report shows job loss spots

NARRE Warren, Cranbourne, Doveton, Endeavour Hills, Hallam and Hampton Park are expected to face job losses as a result of the current economic crisis.
As shown in an investigation by the University of Newcastle, the statistics label most of the growth areas in the south-east as being on “red alert” in relation to major job losses.
The report by researchers at the Centre of Full Employment and Equity says that the suburbs of Lynbrook, Lysterfield and Tooradin are also on red alert.
The findings suggests that residents in Narre Warren and Cranbourne are “very vulnerable” to employment loss.
Report co-creator professor Bill Mitchell said the team had developed the model to predict the employment vulnerability by suburb.
In terms of post-secondary qualifications, Cranbourne has education levels which are below the Victorian average, with the suburb having 51.1 per cent without post-secondary school education compared to the national average of 37 per cent.
Narre Warren has 47.7 per cent without post-secondary school education. This increases the likelihood that the suburb will experience job losses in a national contraction, according to the findings.
The industries expecting to have the most job losses are construction, manufacturing, mining, retail, accommodation, food venues, finance, insurance and property.
The report shows that for $8.5 billion the Federal Government could create 560,000 minimum wage jobs over the next 12 months. – Kelly Yates