South Australia’s Unemployment Rate Now At 6.1 % November 2017

South Australia’s Unemployment Rate Now At 6.1 % November 2017

South Australia Minister for Employment Kyam Maher

South Australia’s Unemployment Rate Up As Trend Figures Remain Unchanged

Victor P Taffa

South Australia’s trend unemployment figure remains the same at 5.8 %, while the state’s headline unemployment rate is up 0.3 % to 6.1 %, according to the latest Australian Bureau of Statistics Labour Force data.

Latest figures show 21,900 more South Australians are employed compared to 2 years ago, with almost 75 % of those people now in full time work, while 12,300 fewer people are unemployed.

“These are the first set of jobs figures that reflect the Holden closure.” Minister for Employment Kyam Maher said.

“We have seen a minor increase in the headline unemployment rate, but the South Australian economy is continuing to create jobs.”

South Australia has seen the biggest drop in headline unemployment in the last year.

Figure represents a drop from in headline unemployed from 6.9 % to 6.1 % between November in 2016 and November this year.

Nationally, the unemployment rate remains unchanged at 5.4 %.

Total number of South Australians employed is 827,300.

Background

South Australia’s trend unemployment rate is the lowest it’s been since December 2012.

South Australia’s trend unemployment rate is third best of the states.

State’s headline unemployment rate is 6.1 %.

Strong investment continues across South Australia, encouraging further job creation in a number of industries.

Recent announcements include:

  • More than 3,200 jobs will be created in high-growth industry sectors, with the State Government announcing on Monday 57 projects that will receive funding support through the $200 Million Future Jobs Fund.
  • Buckland Park-based horticulture company P’Petual Holdings announced plans to expand its high-technology glasshouse facility in a project expected to create 250 new ongoing jobs in northern Adelaide.
  • D’Arenberg Cube opening, creating 150 jobs during construction and set to create 58 new ongoing jobs within 18 months
  • Leading cyber security company, VeroGuard Systems, announced plans to build a major advanced manufacturing facility in Northern Adelaide creating nearly 600 new jobs in its first 3 years.
  • BHP announced 120 jobs for SA at JOBEX Adelaide event which attracted more than 8,000 attendees. BHP’s announcement follows its commitment to invest $600 Million to increase production at Olympic Dam
  • IASA was tasked with creating 6,000 jobs by the end of 2017. It has achieved that target and more. The agency has assisted 24 companies, securing more than $1.79 Billion worth of investment projects for the State, which will create more than 7,000 local jobs and which will contribute an estimated $6.7 Billion worth of economic benefit.
  • CU Mining announced a new joint deal that the company estimates will create 1,300 new jobs in SA.
  • Europe’s largest supermarket retailer Kaufland will redevelop the iconic Le Cornu site on Anzac Highway in a project that will create 350 construction and on-going retail jobs.
  • Sale of Arrium to the GFG Alliance to become Liberty OneSteel and Simec Mining.
  • Solar Reserve’s decision to invest $650 Million in solar thermal at Port Augusta, creating 700 jobs
  • $155.6 Million Northern Adelaide Irrigation Scheme, creating 3,700 jobs
  • Tesla and Neoen investing in a battery co-located with the Hornsdale Wind Farm
  • SkyCity go-ahead on a $330 Million upgrade of the Adelaide Casino
  • OZ Minerals’ board decision to invest more than $900 Million in the Carrapateena copper mine.