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Monday, March 23, 2009
Jobs: Coldstream is a Red alert suburb
The suburb of Coldstream is a Red Alert - high risk job loss suburb based on the CofFEE/URP EVI modelling.
Coldstream is located in the Melbourne area, in VIC. Its CofFEE/URP EVI score of 0.42613 suggests that its residents are very vulnerable to employment loss if the national economy contracts.
It has a younger population relative to the VIC average.
In terms of post secondary qualifications, Coldstream 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 Coldstream earn more than the median individual income for VIC while Median family income in Coldstream is more than the median family income for VIC.
Mortgage holders in Coldstream are making monthly payments which are below the median VIC mortgage repayment.
Coldstream 's workforce is less likely to be part-time employment relative to the VIC average and its labour market performance summarised by its overall unemployment rate relative to VIC is good.
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