New ABS Labour Force data has confirmed NSW remains well ahead of every other state as the jobs capital of Australia, with NSW the only state to have unemployment fall below 5% at just 4.8%.
According to today’s data, unemployment in NSW is 0.9% lower than the next best state – Victoria – while four states recorded unemployment rates of 6% or higher. This is the 33rd consecutive month NSW has had the lowest unemployment of any state.
The data also shows that NSW has now added 166,200 jobs in the last 12 months alone, and more than 280,000 jobs since April 2015, smashing the Liberals & Nationals’ 2015 election commitment of 150,000.
“NSW is now approaching three consecutive years of having the lowest unemployment in the nation,” NSW Treasurer Dominic Perrottet said.
“This is clearly no accident – it reflects everything the Liberals & Nationals stand for: opportunity, prosperity, and reward for hard work.
“We don’t take this for granted – creating job opportunities for the families of NSW is precisely the reason our Government has worked so hard to strengthen the economy, build for the future, and get the state moving again,” he said.
NSW has now added more than 479,000 jobs since 2011 – more than the total number of jobs added in the whole of Labor’s last decade in office, when NSW had the slowest jobs growth rate of any state.
“Since we first came to Government in 2011, NSW has added almost half a million jobs – that’s enough to fill the SCG 10 times over,” Mr Perrottet said.
“Those jobs are supporting millions of people in families and communities across the state, and that’s why the Liberals & Nationals will always fight harder than anyone to create the best conditions for jobs and opportunity in NSW.”
Today’s labour force data shows the statewide youth unemployment rate has fallen to its lowest rate in 9 years, and follows analysis showing Western Sydney has recorded its lowest youth unemployment rate in almost 20 years.