Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nulla quis nibh risus. Pellentesque euismod, nisi id porttitor facilisis, enim lectus pulvinar leo, eu placerat elit mauris vitae sem. Quisque sagittis accumsan mi, non tristique orci viverra sit amet. Maecenas ac elit vitae sem scelerisque bibendum. Donec viverra augue mi, quis dapibus libero. Aliquam sit amet pretium orci. Maecenas fermentum lacus non massa sollicitudin tincidunt.

Victorian employment trend remains positive

Thursday, 10 October 2013
Acting Treasurer Gordon Rich-Phillips has welcomed today’s labour force figures which demonstrate that Victoria’s economy continues to perform well and that the fundamentals of the economy remain strong.  
 
According to the latest Australian Bureau of Statistics (ABS) figures over the year, Victorian employment grew by 14,700 persons (0.5 per cent). This was driven by increases in both full-time and part-time employment, which rose by 9,300 and 5,400 persons respectively.
 
“Today’s labour force figures show that over the year, Victoria was the only non-mining state to see an increase in both full-time and part-time employment,” Mr Rich-Phillips said.
 
“This demonstrates that the Victorian Coalition Government has the right framework in place to drive forward a strong economy and job growth right here in Victoria.” 
 
Victoria’s unemployment rate rose slightly to 5.8 per cent (+0.1 percentage points), up from 5.7 per cent last month, but remains at historically low levels.
 
“Victoria continues to have the highest labour participation rate of all the non-mining states and strong population growth,” Mr Rich-Phillips said.
 
“Compared with other states, Victoria has the third lowest unemployment rate, with only resource-rich Western Australia and New South Wales performing marginally better.
 
“There are continued strong business opportunities in Victoria, despite some of the challenges industries are facing due to global uncertainty.
 
“I recently announced that 120 new jobs will be created in our ICT sector and this is just one of a number of examples in which innovative companies are looking to invest and grow in Victoria,” Mr Rich-Phillips said. 
 
While the ABS employment figures reflect some degree of volatility in the data, in trend terms Victorian employment was positive, with growth of 24,900 persons (0.9 per cent) over the year.
 
“Today’s result demonstrates that the fundamentals of the Victorian economy remain strong and that the Coalition Government’s responsible economic management will continue to build for growth right across Victoria,” Mr Rich-Phillips said. 
 
Joomla Plugin

Media Releases

Tuesday 04 November 2014

Designers appointed for Melbourne Park redevelopment Stage 2

The Melbourne Park Redevelopment, which is worth more than $700 million has reached another milestone with the appointment of three design firms to deliver the project's second stage, Minister for Major ...

Monday 03 November 2014

Technical advisors appointed for major transport projects

Two of Victoria's landmark infrastructure projects have taken a major step forward with the appointment of Technical, Planning and Engagement Advisors for Melbourne Rail Link and the East West Link – western ...

Monday 03 November 2014

Nine Heritage grants for communities in Victoria

Nine community owned and publicly managed heritage places in Victoria have been awarded grants allowing vital conservation works to take place, Planning Minister Matthew Guy said today.

Monday 03 November 2014

$3 million to make a splash in Eltham

The Victorian Coalition Government will contribute $3 million towards a $15.9 million redevelopment of the Eltham Leisure Centre.

Monday 03 November 2014

Napthine Government delivers 950 PSOs ahead of schedule

The Napthine Government has cemented the Victorian rail network as one of the safest in Australia with today's deployment of PSOs bringing the total across the state to 950.

Monday 03 November 2014

Napthine Government commits to easing pressure of household energy bills

Victorian households will have greater assurance in managing their household budgets with the Napthine Government today committing to strong reforms to the retail energy code if re-elected.

MORE MEDIA RELEASES