Employment Vulnerability Index 3.0

Abstract

This paper presents the Employment Vulnerable Index 3.0 (EVI 3.0), an indicator that identifies those suburbs and localities that have higher proportions of the types of jobs thought to be at risk during the current Covid-19 lead economic slowdown. The EVI (Version 1.0) was first devised at the onset of the Global Financial Crisis in response to the concerns of the potential for widespread disruption to the Australian labour markets. This paper updates the EVI (to Version 3.0) to take into account the current conditions relating to the coronavirus pandemic. It ranks localities according to their risk of experiencing significant job losses in the event of a further contraction of the Australian economy. In particular, high risk red alert localities, identified as those at greatest risk of major job losses, are further analysed as either existing or emerging places of disadvantage.