Thursday, 17 October 2013
Regional employment stronger in Australia
Employment in regional Victoria continued to grow over the three months to September, according to Australian Bureau of Statistics (ABS) figures, Treasurer Michael O’Brien said today.
“Regional Victoria’s unemployment rate averaged 5 per cent over the three months to September and is the lowest of all the states,” Mr O’Brien said.
“Today’s figures are significantly lower than the Australian regional verage of 5.9 per cent and are stronger than the rate of 6.3 per cent of November 2010, when Labor left office.
“Victoria is one of two states where regional jobs increased, with only resource-rich Queensland also recording growth. Victoria has the lowest regional unemployment rate in the nation.”
Employment in regional Victoria increased by 15,500 persons (2.1 per cent) ver the past year.
“These 15,500 new jobs in regional Victoria have been supported by the Victorian Coalition Government’s economic strategy of building for growth, careful management of the state’s finances and record infrastructure
investment,” Mr O’Brien said.
“There are now 39,500 more people employed in regional Victoria than when Labor left office.”
Over the year, the increase in employment was largely driven by the Central Highlands-Wimmera region and the Loddon Mallee region.
Today’s figures follow yesterday’s announcement that Victoria’s export industries are booming, with food and fibre exports increasing by 5 per cent in the year 2012-13.
“Victorian food and fibre exports reached a record high of $9.4 billion in 2012-13 and this highlights the important role regional Victoria plays in creating jobs and growing the economy,” Mr O’Brien said.
“The Regional Growth Fund has provided more the $340 million to support almost 1,200 projects across regional and rural Victoria, leveraging almost $1.5 billion in total investment.
“The former State Labor Government left a regional unemployment rate of 6.3 per cent. While the Coalition Government is encouraging new jobs, Labor is opposing job-creating projects such as the East West Link.”