Monday, 12 February 2018

14 consecutive months of jobs growth Featured

Labour force figures released in December 2017 by the ABS show the number of jobs in Australia has increased for the 14th straight month – the longest consecutive run of jobs growth since 1994.

Labour force figures released in December 2017 by the ABS show the number of jobs in Australia has increased for the 14th straight month – the longest consecutive run of jobs growth since 1994.

There are now 383,300 more Australians in work than a year ago – almost 80% of these new jobs are full time jobs. Full time employment has grown by 304,600 in the past 12 months (and by 41,900 in November).

Our economy is creating, on average, around 1,000 new jobs a day.

Jobs growth over the last 12 months is more than four times stronger than Labor’s last year in government.

Total employment stands at a record high of 12,403,000. Since the Coalition was elected to office in September 2013, 918,700 jobs have been created.

Total full time employment, total male employment and total female employment now stand at record highs. The current rate of jobs growth remains high at 3.2 per cent over the year and is double the decade average rate of 1.6 per cent

The unemployment rate has decreased by 0.3 percentage points over the year, to 5.4 per cent, and remains the equal lowest rate recorded since February 2013.

Minister for Employment, Senator the Hon Michaelia Cash, welcomed the positive figures, highlighting that more Australians are now in work than ever before.

“The Turnbull Government understands that the best form of welfare is a job, this is why we are delivering the right policies and making the right investments to get more Australians into work,” Minister Cash said.

“Having gained such strong momentum, our economy simply cannot risk the job destroying policies of a Bill Shorten Labor Government.”

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