Parramatta. Local economy 'relatively stable'

Parramatta’s economy is “relatively stable”, according to Mike Thomas, council’s, manager, economic development, in its latest Biz Facts publication. “Around 33 per cent of all employment in Parramatta is in the areas reliant on public funding. While it is not inconceivable, it’s highly unlikely there will be large-scale job restructuring in these sectors. This means that we can anticipate a reliable supply of people in the local economy will continue to spend as they believe their jobs are secure,” he said. Parramatta's gross regional product in 2007/08 was $11.7 million.