New South Wales Unemployment Rate Steady At 4.3 % For December 2018

New South Wales Unemployment Rate Steady At 4.3 % For December 2018

New South Wales Treasurer Dominic Perrottet

New South Wales Job Generation Continues To Power Ahead

Victor P Taffa

New South Wales remains one of best places in Australia to find a job with the unemployment rate remaining at near-record low levels.

Latest ABS Labour Force figures, released today, for December shows the New South Wales unemployment rate was steady at 4.3 %, just 0.1 % above the all-time low.

Treasurer Dominic Perrottet said the Government’s strong financial management and record infrastructure investment of nearly $90 Billion continued to drive job creation in every corner of the State.

“New South Wales continues to power the nation because this Government is building more schools, hospitals, transport and other critical infrastructure our community needs than at any other time in our State’s history.” Treasurer Perrottet said.

“I cannot think of another jurisdiction anywhere in the world committed to building 3 metro rail projects, 5 new motorways, 40 new and upgraded hospitals and 170 new and upgraded schools across the State.”

“We are transforming New South Wales into a world class state with the best schools, hospitals, transport, sporting and cultural facilities in the nation. We can only do this because we manage taxpayer money well.”

Today’s data highlighted that 94,300 jobs were added in New South Wales last year while 374,900 jobs had been added since the last election, two-and-a-half times the New South Wales Liberals & Nationals election commitment of 150,000 jobs.

Yet again the New South Wales youth unemployment rate is the lowest of any state, and more than 2 percentage points below the rest of Australia.

Treasurer Perrottet said the Government’s record public investment was creating tens of thousands of jobs and had helped boost the State’s economic growth by half a percentage point in 2017- 18 and is expected to do the same in 2018-19.

“These record investments have been made without plunging the State into debt, while at the same time we have lowered taxes with steady budget surpluses forecast over the next 4 years.” Treasurer Perrottet said.

“New South Wales Labor and Captain Cancellation want to scrap vital projects such as the F6, the Western Harbour Tunnel and Northern Beaches Link and the Sydney Metro Southwest rail line, which would see more than 20,000 jobs disappear from the economy.”

“New South Wales Labor and their failed finance minister know how to promise everything and deliver nothing.”

“We have done more since coming to office than the Labor did in 16 years.” Treasurer Perrottet said.

 

Abbreviations:

ABS                Australian Bureau of Statistics