Strong Growth In Full Time Jobs As Victoria Tops Two Million

The latest ABS data shows that Victorian full-time employment has passed 2 million people for the first time in Victoria’s history.

There were 12,700 new full time jobs created in the month of December, bringing the total number of full time jobs created under the Andrews Labor Government to 47,800. Under the former Liberal Government, only 16,700 full time jobs were created over four years.

This represents a twelve-fold better performance on full-time job creation than under the previous Coalition Government.

The Labor Government has created approximately 79,000 jobs since being elected in November 2014.

Over the 2015 year, the unemployment rate in Victoria declined from 6.5 per cent to 5.9 per cent.

In trend terms, employment grew by 2.1 per cent over the year. This is faster than Victoria’s population growth over the same period.

Today’s result follows  yesterday’s news from the ABS that the number of job vacancies in Victoria grew by 3.7 per cent in the three months to November 2015, underscoring significant job growth in the Victorian economy for the period.

There were 40,300 job vacancies in Victoria in November 2015, the highest level since August 2011.

Job vacancies in Victoria have now increased for seven consecutive quarters, and are up 21.3 per cent for the 12 months to November.

Quotes attributable to Treasurer, Tim Pallas

“Since we came to power, almost 48,000 full time jobs have been created. In four years under the previous Liberal Government, only 16,000 full time jobs were created.

 “Finding a full-time job provides Victorians with security and the chance to participate fully in society and so any increase in the full time employment number is very welcome.

“With strong retail and export growth, strong employment growth, robust economic growth and strong surpluses across the next four years, the Andrews Labor Government is working hard to deliver jobs and prosperity to Victorians.