Two Years And Almost 200,000 Jobs

17 November 2016

Victoria’s jobs growth is the best in the nation, the Australian Bureau of Statistics (ABS) confirmed today.

The latest ABS figures show that in the year to October, there were 107,300 new jobs created in Victoria – an increase of 3.6 per cent – with 20,500 new jobs created in the month of October.

The annual result was driven by solid rises in both full-time and part-time employment.

The ABS figures also confirmed that since November 2014, more than 184,000 jobs have been created in Victoria – 93,200 of them full time.

Victoria’s unemployment rate fell to 5.7 per cent in October, the second lowest in Australia.

Meanwhile, underlining the confidence in the Victorian economy, Victoria’s participation rate – the amount of people looking for work – increased during the year by 1.1 percentage points.

At the same time, all other states experienced a decline.

Victoria’s youth unemployment rate is also down – and sits 1.8 per cent lower than it was last year.

Quotes attributable to Treasurer Tim Pallas

“Today’s figures are a resounding stamp of approval for the Andrews Labor Government’s work to put people first by investing in and growing our economy – and importantly, creating jobs for Victorians.”

“In two years, we have created more than 184,000 jobs. That’s 184,000 opportunities for Victorians to build a better future for themselves and their families.”

Quotes attributable to Minister for Industry and Employment Wade Noonan

“Our work to support Victorian jobs is changing people’s lives for the better.”

“For the last two years we’ve delivered on the things that matter most to people – we're investing in Victoria, creating jobs and opportunities right across the state.”

Reviewed 19 August 2020

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