Thursday 12 September 2013
LATEST FIGURES REVEAL NSW CONTINUES TO ADD JOBS
Treasurer Mike Baird today said NSW continues to lead the country on the measure of jobs growth, and labour participation remains at a historically high level.
The latest ABS Labour Force figures released today show NSW created 700 more jobs this month, despite a moderate increase in the NSW unemployment rate from 5.7 per cent (revised) to 5.9 per cent.
“While it’s disappointing to see any increase in the unemployment rate, the good news is NSW continues to create more jobs, it continues to lead the country on the measure of jobs growth, and our labour participation rate is at a historically high level,” said Mr Baird.
“NSW was one of only two states that added jobs this month – with a large proportion of those jobs going to full-time positions – and saw an increase in participation this month.
“The rise in workforce participation continues the trend we have seen since coming to government, as the people of NSW feel increasingly confident about our economy, and are more inclined to look for work.
“NSW also continues to top the leader board, with more jobs created here than any other state since the O’Farrell Government came to office. This follows a decade under the previous Labor government during which NSW had the lowest employment growth of any state.
“There’s no doubt the instability and uncertainty created by Federal Labor saw businesses across the country postpone hiring decisions in the lead up to the election and NSW has not been immune.
“But the people of NSW can continue to take comfort in the long term job trends, which show that NSW remains in a good position.
“The recent Federal election also provides NSW businesses with the certainty they need to invest and create jobs, and the NSW Government’s large-scale infrastructure program will support the creation of thousands of new jobs across the state,” said Mr Baird.
Number of new jobs created across the country since the O’Farrell Government came to office
Tasmania under Labor
10,100 fewer jobs
South Australia under Labor
10,900 fewer jobs
33,200 more jobs
57,200 more jobs
81,600 more jobs
New South Wales
112,300 more jobs