Unemployment rate falls below six per cent
- 16 Feb, 2017
Peter Gutwein, Treasurer
The Hodgman Government is committed to growing the economy and reducing the unemployment rate.
Today’s ABS unemployment figures show that our long-term plan is working with the unemployment rate now at 5.9 per cent, the lowest it’s been since October 2011. Tasmania’s unemployment rate is lower than the unemployment rates in Western Australia, South Australia and Queensland and equal with Victoria’s.
Importantly, since the Hodgman Government was elected, 4,300 jobs have been created, with 400 jobs created in January alone. On average, four new jobs have been created each and every day that the Hodgman Government has been in power.
It’s not surprising that our unemployment rate is falling, given our tourism and hospitality sectors are booming, retail spending is at record highs, the building and construction sector is experiencing significant growth and our export sector remains strong.
But we know that there is a lot more to do, that’s why we implemented the Northern Economic Stimulus to unlock $100 million worth of job creating investments.
No doubt Labor and the Greens will focus on the negatives, but it’s worth remembering that when they were last in government, the economy was in recession, Tasmanians were leaving in droves to find work on the mainland and the unemployment rate hit a staggering 8.6 per cent.