 After the Kennett Government privatised and sold the SECV in 1994, Yallourn North was significantly affected economically.Many people moved away from the area in search of work elsewhere, following the loss of 4,500 jobs (out of 10,000) in the greater Latrobe Valley during the three years to 1993.However, over the last 20 years the town has undergone a resurgence, with the economy of Latrobe City now finding its feet, and new families moving in to replace those of old.