Home / Employment Vulnerability Index 3.0 / Profile for Watsonia, VIC
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The suburb of Watsonia is a Medium low risk job loss community based on the CofFEE EVI modelling. |
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Watsonia is located in the Melbourne area, in VIC. Its CofFEE EVI score of suggests that it's residents are not very vulnerable to employment loss if the national economy contracts It has an older population relative to the VIC average. In terms of post secondary qualifications, Watsonia has education levels which are below the VIC average. This increases the likelihood that the suburb will experience job losses in a national contraction. Individuals in Watsonia earn more than the median individual income for VIC, while median family income in Watsonia is greater than the median family income for VIC. Mortgage holders in Watsonia are making monthly payments which are above the median VIC mortgage repayment. Watsonia's workforce is less likely to be part-time employed relative to the VIC average, and its labour market performance summarised by its overall unemployment rate relative to VIC is good. Watsonia's workforce is less likely to be underemployed relative to the VIC average, and its labour market performance summarised by its overall unemployment rate relative to VIC is good The following table has more indicators which allow you to appraise Watsonia relative to VIC and the nation as a whole. |
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| Indicator - August 2016 | Watsonia | VIC | Australia |
|---|---|---|---|
| Median Age | 39 | 37 | 38 |
| % without post secondary school qualifications | 39.45% | 38.74% | 39.50% |
| Median individual income ($ per week) | $692 | $644 | $662 |
| Median family income ($ per week) | $1893 | $1715.00 | $1734.00 |
| Median household income ($ per week) | $1545 | $1419.00 | $1438.00 |
| Median mortgage repayment ($ per month) | $1800 | $1728 | $1755 |
| Median rent ($ per week) | $340 | $325 | $335 |
| Average household size | 2.60 | 2.60 | 2.60 |
| Part-time employment as a % total | 32.40% | 33.66% | 32.68% |
| Male unemployment rate | 5.12% | 6.56% | 7.00% |
| Female unemployment rate | 4.52% | 6.65% | 6.72% |
| Unemployment rate | 4.92% | 6.60% | 6.86% |
| Male labour force participation rate | 70.16% | 69.94% | 69.56% |
| Female labour force participation rate | 59.84% | 59.43% | 59.80% |
| Total labour force participation rate | 64.86% | 64.53% | 64.56% |
| Employment-Population ratio | 59.30% | 60.46% | 60.26% |
| % Employed in Mining | 0.14% | 0.33% | 1.66% |
| % Employed in Manufacturing | 6.08% | 7.77% | 6.40% |
| % Employed in Construction | 9.94% | 8.34% | 8.53% |
| % Employed in Retail Trade | 9.60% | 10.22% | 9.86% |
| % Employed in Accommodation, Cafes and Restaurants | 4.65% | 6.61% | 6.91% |
| % Employed in Finance and Insurance | 4.45% | 3.90% | 3.60% |
| % Employed in Property and Business Services | 1.57% | 1.57% | 1.70% |
Centre of Full Employment and Equity
University of Newcastle
University Drive
Callaghan NSW 2308
Australia
© CofFEE 2018
Contact
Telephone: +61-(0)2 4921 7283
E-mail: coffee@newcastle.edu.au
