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Regional Victoria’s employment growth strongest in Australia

Thursday, 20 February 2014

Employment in regional Victoria is the strongest of all the states over the three months to January, according to Australian Bureau of Statistics (ABS) figures, Treasurer Michael O’Brien said today.

In the three months to January employment in regional Victoria increased by 4,700. Over the year, employment in regional Victoria increased by 22,800 persons.

“22,800 jobs were created in regional Victoria in the year to January, a large slice of the 39,400 regional jobs created across Australia. Victoria had the strongest jobs growth in absolute numbers of all the states,” Mr O’Brien said.

“While there is softness in the national economy, today’s figures demonstrate the Victorian Coalition Government’s economic strategy is continuing to support growth right across Victoria.

“Victoria’s regional unemployment rate of 5.4 per cent remains well below the Australian regional average of 5.9 per cent, and is significantly stronger than the rate of 6.3 per cent when Labor left office in November 2010,” Mr O’Brien said.

There are now 24,600 more people employed in regional Victoria than when Labor left office.

“The Coalition Government’s strong budget management in challenging economic times means that we can better fund projects that lead to jobs growth in Victoria’s regions,” Mr O’Brien said.

“The Coalition Government’s $1 billion Regional Growth Fund has so far invested more than $380 million into 1,350 projects leveraging $1.55 billion in total investment.

“It is time that Daniel Andrews and the Labor Party put jobs ahead of politics. Labor needs to reverse its opposition to key projects including the Port of Hastings and the East West Link that will support further regional jobs growth.”

 

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