2021-12-13 GC Agenda - Item 9 - Attachment 2-Noosa Economic Plan Review Update Report 2021

                                    NOOSA LEP REVIEW - ECONOMIC ANALYSIS REPORT - Draft Report


Table 4.2. Journey to Work, by LGA, Noosa, 2016
 Top 10 employment locations of resident                 Top 10 residential location of local workers
 workers by Council                                      by Council
 Council                             No.            %    Council                           No.      %
 Noosa (S)                       14,309           65.3   Noosa (S)                      14,309    71.2
 Sunshine Coast (R)                3,995          18.2   Sunshine Coast (R)              4,921    24.5
 No Fixed Address (Qld)            1,470           6.7   Gympie (R)                        480     2.4
 Gympie (R)                          567           2.6   Brisbane (C)                      117     0.6
 Brisbane (C)                        520           2.4   Moreton Bay (R)                    75     0.4
 Moreton Bay (R)                     146           0.7   Gold Coast (C)                     31     0.2
 Isaac (R)                            80           0.4   No Fixed Address (Qld)             27     0.1
 Ashburton (S)                        47           0.2   Fraser Coast (R)                   18     0.1
 Gold Coast (C)                       46           0.2   Bundaberg (R)                      14     0.1
 Rockhampton (R)                      43           0.2   Ipswich (C)                        12     0.1
Source: economyID (2021).


4.4       Value of Employment
Different industries contribute varying degrees of value to the local economy based on a variety of
factors including supply chains, price of goods sold and overall position in the economy. As
highlighted below, mining, financial services, utility services and real estate services are amongst the
highest value-adding industries in the local economy.

Key employing industries in the region including accommodation and food services, retail trade and
health care are amongst the lowest value-adding industries in the local economy. It should be noted
that retail trade and accommodation and food services are most closely linked with the tourism
sector.

 High Value-Adding Jobs
 In terms of economic development, growing high value-adding jobs will have greater benefits to
 the overall economy than increases in low value-adding jobs. The core difference is related to the
 relevant supply chains of these industries as well as the wages that are often paid across those
 industries. High value-adding jobs will provide a greater ability to spend more in the local
 economy, which will create a greater flow-on benefit locally. Additionally, businesses that have
 more local supply chains (or the opportunity to form them) will have the ability to support
 additional businesses, creating more value in the local economy.
 Because one job may offer greater value than another, does not mean that lower value-adding
 jobs are not important. These jobs often provide employment for youth and offer an entry point
 into the workforce for many residents. Rather, understanding the value of employment should
 guide the balance of effort and resources in terms of various industry development and
 investment attraction activities.




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