April 19, 2018

Victorian Jobs Growth Leads The Nation

Victoria’s employment growth is the strongest in the nation, with 333,900 jobs created since the Andrews Labor Government was elected.

New data from the Australian Bureau of Statistics released today shows that in March alone, 26,400 jobs were created in Victoria – compared to just 4,900 across the nation.

Victoria’s jobs result in March was the largest increase in both absolute and percentage terms of any state.

Employment in New South Wales, South Australia and Queensland fell, while Western Australia and Tasmania generated just 1,600 jobs between them.

Since November 2014, 333,900 new jobs have been created in Victoria – an 11.4 per cent jump – the largest increase in both absolute and percentage terms of all the states.

This means that more than 1 in 10 jobs in Victoria’s economy today have been created under the watch of the Labor Government.

Full-time jobs have increased by 10 per cent or 197,100 persons – again, the highest growth of all the states – and account for almost 60 per cent of all jobs created since November 2014.

Unemployment in Victoria also decreased by 0.4 percentage points to 5.2 per cent in March 2018, and is below the national average of 5.5 per cent.

Victoria’s unemployment rate has decreased by 1.5 percentage points since Labor was elected, well down from the 6.7 per cent unemployment rate inherited from the previous Liberal and National Government.

Quotes attributable to Treasurer Tim Pallas

“We’re creating more jobs than any other state, powering our economy and creating opportunities across the state.”

“We’ll continue investing in the infrastructure and services Victorians need to drive our economy.”

Quote attributable to Minister for Industry and Employment Ben Carroll

“We said we’d create jobs for Victorians and that’s exactly what we’ve done – and it’s all thanks to our record investment in the major projects that matter to Victorians.”