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

                                            NOOSA LEP REVIEW - ECONOMIC ANALYSIS REPORT - Draft Report


Figure 4.9. Industry Value-Add per Employee, Noosa, 2019-20
                                         Mining
                 Financial & Insurance Services
      Electricity, Gas, Water & Waste Services
          Rental, Hiring & Real Estate Services
                               Wholesale Trade
              Transport, Postal & Warehousing
                                 Manufacturing
   Information Media & Telecommunications
                 Public Administration & Safety
  Professional, Scientific & Technical Services
                                   Construction
            Administrative & Support Services
                Health Care & Social Assistance
                           Education & Training
                                    Retail Trade
                                        Tourism
                                 Other Services
                 Agriculture, Forestry & Fishing
              Accommodation & Food Services
                     Arts & Recreation Services
                                                   $0       $200          $400           $600           $800
                                                        Industry value-add per employee ($'000)
Note: The tourism sector is linked to expenditure in other industries, in particular the ‘accommodation and food services’
and ‘retail trade’ industries.
Source: economyID (2021).


4.5         Employment Targets
The Department of State Development, Infrastructure, Local Government and Planning (DSDMIP)
developed employment targets for the Noosa LGA in the South East Queensland Regional Plan in
2017. The report showed Noosa was targeting employment of almost 33,500 persons by the year
2041, equating to average employment growth of 1.5% per annum and an absolute increase of
almost 10,700 workers from 2016 levels.
Figure 4.10 shows actual employment for Noosa against the employment targets presented in the
SEQ Regional Plan. At present, Noosa appears to be underperforming the Plan’s 2021 target of
24,999 workers (or average growth of 1.9% per annum from 2016 to 2021). The latest data show
Noosa had 24,286 employed persons in 2019-20, slightly below the SEQ Plan’s target. However,
employment growth in Noosa since 2016 in Noosa has averaged just 0.1% per annum, well below
the Plan’s target growth (Noosa’s employment in 2016 was above the SEQ Plan’s target).
Further, DSDMIP stated in the Regional Plan that ‘major growth sectors identified for Noosa LGA (in
percentage terms) include electricity, gas, water and waste services; rental, hiring and real estate
services; professional, scientific and technical services; and administrative and support services.’ By
2019-20, these sectors had experienced the following average annual employment growth rate in
the four years since 2015-16:
     •    Electricity, gas, water and waste services down 4.1%;
     •    Rental, hiring and real estate services up 0.5%;
     •    Professional, scientific and technical services up 2.2%; and
     •    Administrative and support services down 6.2%.




                                                                                                                         19