finance
Bendigo employment sector confronts headwinds from unemployment rate above state level
The region recorded 930 job advertisements in February 2026 alongside a 6.9 per cent unemployment rate that exceeded Victoria's figure.
How we reported this
In February 2026 Bendigo posted an unemployment rate of 6.9 per cent, above Victoria's 6.6 per cent, while only 930 job advertisements appeared in the local market.
The gap matters because Bendigo Employment Region supports 78,400 workers as of August 2024, and any sustained difference in joblessness can slow household spending and strain local services that rely on steady employment.
Heavy concentration in five industries adds pressure
Health Care and Social Assistance, Manufacturing, Retail Trade, Construction and Education together account for 60 per cent of regional employment. Health Care alone employed 18,200 people in August 2024 after a 20.1 per cent rise the previous year. When growth in one or two of these sectors slows, the concentration leaves fewer immediate alternatives for displaced workers.
Projected expansion of 11,655 new positions between 2024 and 2027 and 44,124 positions by 2034 rests on retirements plus tourism and care demand, yet current advertisement counts suggest those openings have not yet translated into broad hiring momentum.
Recent growth figures offer limited immediate relief
Health Care and Social Assistance was forecast to expand 16.1 per cent and add 2,200 roles to May 2024, while Construction was expected to rise 15.4 per cent and add 1,300 positions. Those earlier targets pre-date the February 2026 unemployment reading and the modest advertisement total, indicating that timing and sector-specific frictions remain obstacles.
Businesses and training providers can review the latest Labour Market Dashboard and Industry Profile reports from the federal Jobs and Skills site to align course offerings and recruitment with the five dominant industries. Workers seeking roles may track the same dashboards for openings while considering adjacent occupations within Health Care or Construction that draw on transferable skills already present in the region.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.