http://www.adelaidenow.com.au/news/...s-to-71-per-cent/story-fni6uo1m-1227342407773
Unemployment is up in Adelaide again. It's still lower than the 7.3% Adelaide had during 2014 but it's not good.
Males seem to be getting particularly hard both in Adelaide and nationally.
"The male unemployment rate jumped from 6.2 per cent to 7.3 per cent. More than 60,000 males are now unemployed in the state".
National level-
http://www.abs.gov.au/ausstats/[email protected]/latestProducts/6202.0Media Release1Apr 2015
The ABS reported the number of people employed decreased by 2,900 to 11,724,600 in April 2015 (seasonally adjusted). The decrease in employment was driven by decreases in full-time employment for males (down 47,900) and part-time employment for females (down 10,700). These were offset by increases in male part-time employment (up 29,700) and female full-time employment (up 26,000).
The only positive news for Adelaide was that the unemployment rate rose mainly due to greater labour force participation +0.4%.
Doubt this will have much impact on housing though as most of the unemployment would be concentrated on the long term/structurally unemployed as we can see with the continous prosperity of the Inner City/Eastern Adelaide housing market.