New South Wales Treasurer Dominic Perrottet
New South Wales Minister for Jobs Investment and Tourism Stuart Ayres
Regional New South Wales Jobs Boom
Victor P Taffa
Regional New South Wales is experiencing an employment boom with nearly 15,000 added jobs over the past year according to the latest data from the ABS.
4-year jobs target for the regions of 30,000 new jobs has been smashed with 95,600 jobs added since 2015.
Unemployment rate for Regional New South Wales is currently 5.2 %, a decrease of 0.5 % through the year.
New South Wales Treasurer Dominic Perrottet said the people of Regional New South Wales are the backbone of the state.
“People and businesses in Regional New South Wales are a cornerstone of strength for the New South Wales economy.” Treasurer Perrottet said.
“We’ve seen a lot of jobs growth happening over the past 5 years and this is testament to the hard-working men and women in our regional areas.”
“Our record $89.7 Billion infrastructure spend is fuelling record low unemployment and making a real difference in every corner of the state.”
Minister for Jobs Investment and Tourism Stuart Ayres said with almost 210,000 businesses across Regional New South Wales, it possessed the largest and most diverse regional economy in Australia.
“Our strong economic management is the foundation that gives regional small businesses the confidence to invest and create new jobs.” Minister Ayres said.
“This shows how resilient the Regional New South Wales economy is even with the drought biting hard many parts of the state.”
Regional New South Wales produces one-third of the total New South Wales gross state product and has an economy larger than South Australia’s total economy.
Participation rate for Regional New South Wales sits at 60.1 % through the year to April 2019, up 0.3 %.
New South Wales continues to lead the nation in job creation with an unemployment rate of 4.5 % the lowest among the states and well below the national unemployment rate of 5.2 %.
ABS Australian Bureau Of Statistics