Matters of State | Unemployment at five year low

By Paul Toole
October 27 2017 - 6:00am
Workshops: The LLS will provide hands on demonstrations and a series of information sessions for new landholders on November 11.
Workshops: The LLS will provide hands on demonstrations and a series of information sessions for new landholders on November 11.

Hits five Year Low

The NSW unemployment rate has hit a five year low at 4.6 per cent, more than a full percentage point below the next best state and almost half a percentage point below the nation as a whole. Latest figures from the Australian Bureau of Statistics show 21,100 new jobs were added in September, around 2.5 times larger than Victoria, the next closest state. The total number of jobs created since April 2011 is now 410,880, above 400,000 for the first time and higher than any other state in Australia. A stable job means the ability to pay bills, provide for our families and meet our home loan repayments. This result is a consequence of the government’s strong economic management, creating prime conditions for businesses and jobs to flourish.

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