New South Wales Unemployment Rate At 4.3 % March 2019

New South Wales Unemployment Rate At 4.3 % March 2019

New South Wales Treasurer Dominic Perrottet

New South Wales Minister for Jobs Stuart Ayres

New South Wales Unemployment Remains At Near Record Levels

Victor P Taffa

New South Wales’ unemployment rate remains the lowest of any state, with full-time workers surging back into the job market.

Labour force data released by the Australian Bureau of Statistics today shows the New South Wales unemployment rate remained at a near record low of 4.3 %, with 15,200 full-time jobs added in March.

In the past 12 months to March 2019 New South Wales’s employment growth rose to 3.3 %, up from 3.2 % last month, with the participation rate at a near record high of 65.1 %.

New South Wales youth unemployment rate of 10 % is the lowest in more than a decade.

New South Wales remains well below the national unemployment rate of 5 % and is significantly lower than Queensland, 6.1 %, Western Australia, 6 %, and South Australia, 5.9 %.

New South Wales Treasurer Dominic Perrottet said the strength of the New South Wales economy on the back of the Government’s record $89.7 Billion infrastructure program was helping drive job creation.

“New South Wales is the jobs hub of Australia and this has only been made possible thanks to the Government’s vision and exceptional economic management.” Treasurer Perrottet said.

“We have Australia’s most diverse economy, and one of the great strengths is our ability to innovate and help new businesses develop both for today but also for the next generation.”

“We are making critical investments in employment precincts throughout the state including Western Sydney Airport Aerospace and Defence Industries, Randwick Health and Education and Parkes Special Activation precincts helping create thousands of jobs well into the future.” Treasurer Perrottet said.

Minister for Jobs, Investment, Tourism and Western Sydney Stuart Ayres said three quarters of all youth employment growth in Australia has been in New South Wales since 2011 with 86,200 jobs added for New South Wales youth, compared to 14,500 throughout the rest of Australia.

NSW Minister for Jobs Stuart Ayres

 

 

 

 

 

 

 

 

“These results show that the New South Wales Government’s vision and economic management is delivering jobs and opportunities for the people of this state.” Minister Ayres said.

“Even in challenging areas such as youth unemployment, we are leading the nation.”

State Unemployment Rates:

  • NSW    4.3%
  • VIC       4.6%
  • SA          5.9%
  • WA        6.0%
  • QLD       6.1%
  • TAS         6.7%

Abbreviations:

  • NSW    New South Wales
  • VIC      Victoria
  • SA        South Australia
  • WA     Western Australia
  • QLD    Queensland
  • TAS     Tasmania