Community

NSW Takes Gold Medal For Jobs Creation

NSW Takes Gold Medal For Jobs Creation

The best employment figures for NSW in more than a decade, have had a positive impact with people in tougher job segments finding it easier to get work. The latest ABS detailed labour force figures for NSW revealed the unemployment rate for the over-55s was just 3.5 per cent with 126,800 jobs added since the 2015 election.
Over the year to September, Western Sydney employment has increased by 49,600 people, with the unemployment rate sitting at a record low 4.9 per cent. In the same period, regional NSW employment (excluding Sydney, Newcastle and Illawarra but including the Central Coast) increased by 39,100 people, with the unemployment rate at 5.8 per cent.
The traditionally tough youth unemployment rate is now 10.2 per cent, down from 11.7 per cent in 2011 when the Liberals and Nationals Government came to office. This is the lowest of any state, and almost 2.6 percentage points lower than the rest of Australia at 12.8 per cent (national rate including NSW is 12.0 per cent).
NSW Treasurer Dominic Perrottet said NSW’s overall unemployment rate of 4.4 per cent was having a positive impact right across the NSW economy.
“The last time we saw an unemployment rate this low Usain Bolt was preparing to win his first gold medal at the Beijing Olympics, rather than trying out for a spot on the field with the Central Coast Mariners,” Mr Perrottet said.
“Usain may have struck gold in three Olympics since then, but our policies have struck gold by creating more 550,000 jobs since 2011.”
Mr Perrottet said creating youth and regional jobs was always challenging, but the once in a generation $4.1 billion Snowy Hydro sale would have huge flow on benefits.
“Labor have pledged to cancel many of the projects we fought so hard to implement. They are the party of chaos beholden to the unions and will kill jobs not create them.”

Community

More in Community

15th Pravasi Bhartiya Divas To Be Held In Varansi

The Indian TelegraphNovember 1, 2018

From The Premier’s Desk: Cost of Living

The Indian TelegraphOctober 9, 2018

Naturally Luxurious Display Centre Opens Doors To Sydneysiders This Weekend

The Indian TelegraphOctober 9, 2018

Sydney’s First 4DX Cinema To Launch At EVENT Cinemas George Street

The Indian TelegraphSeptember 26, 2018

The Bitter Truth About Sugar

Madhusmitha KrishnamurthySeptember 20, 2018

Indian Migrants Sent US$5.71bn In Remittances To Other Countries In 2017

The Indian TelegraphSeptember 14, 2018

Ash Venkat Represents India At Pageant Of The World

Vish ViswanathanAugust 30, 2018

Sachin Pilot: We Oppose Lynching

The Indian TelegraphAugust 28, 2018

AEC Calls On Hindi Speakers To Register For Election Work

The Indian TelegraphAugust 28, 2018

Business Confidence Soars In Regional NSW

The Indian TelegraphAugust 20, 2018

As Floods Ravage Kerala, Labor Urges Oz Government To Extend Helping Hand

The Indian TelegraphAugust 20, 2018

Free Counselling For Western Sydney Parents

The Indian TelegraphAugust 16, 2018

Global Movie & TV Piracy On The Rise As Criminals Profit From OTT Streaming Credentials Available on Dark Web For Under $9

The Indian TelegraphAugust 14, 2018

Crown Group Offers The Benefits Of Being Elite

The Indian TelegraphAugust 14, 2018

NSW Cost Of Living Service Goes ‘LIVE’

The Indian TelegraphAugust 14, 2018

Superstar Celeb Judges Announced For Telstra Bollywood Dance Competition’18

The Indian TelegraphAugust 9, 2018

MAV Announces Two International Cultural Collaborations With Singapore

The Indian TelegraphAugust 8, 2018

Migration: An Honest Picture

Jyotsna SharmaAugust 8, 2018

Strike A Pose, It’s Never Too Late

Susheela SrinivasAugust 8, 2018

Refugee Week Wake-Up Call: We Can Do Better

Shivani SinghalAugust 8, 2018

Building On Australia’s Migrant Success Story

The Indian TelegraphAugust 8, 2018