Victoria is leading the nation when it comes to job creation, thanks to the Andrews Labor Government.
Since coming to office, the Labor government has created 347,400 jobs, with more than 211,000 of them full time.
The latest data from the Australian Bureau of Statistics shows more than 22,000 new jobs were created in May alone, the largest increase of all the states.
Nationally, employment increased by just 12,000 persons in May, highlighting Victoria’s crucial contribution to Australia’s job market.
Over the year, Victoria’s employment rose by 72 000 persons or 2.2 per cent.
The ABS also confirmed Victoria’s unemployment rate fell in May to 5.1 per cent – a welcome contrast to the unemployment rate of 6.7 per cent we inherited from the Liberal Government in November 2014 – and the second lowest unemployment rate in the nation.
Victoria’s unemployment rate now sits 0.3 percentage points below the national average.
Today’s employment figures closely follow the Westpac Melbourne Institute’s latest report which shows Victorians are more confident about their financial outlook than residents of all other Australian states.
The WMI report released yesterday shows during the year, the Victorian consumer sentiment index has risen 7.5 per cent.
Since November 2014 the Victorian consumer sentiment index has increased by 13.7 per cent, more than double national consumer sentiment which has risen just 5.7 per cent.
Quotes attributable to Treasurer Tim Pallas
“We continue to be the job creation capital of Australia, powering the nation’s economy while creating opportunities for people across Victoria.”
“Through our investments in roads and rail, hospitals and schools, we will keep our focus on delivering the jobs and services Victorians need.”
Quotes attributable to Minister for Industry and Employment Ben Carroll
“We’re delivering for all Victorians – creating jobs and making sure industry gets the support it needs to grow.”
“We make no apologies for supporting businesses to employ more Victorians and investing in the projects that matter to our state.”
Reviewed 19 August 2020