The Marshall Government has today welcomed the drop in SA’s unemployment rate in March, with today’s ABS Labour Force figures showing an additional 1000 full-time jobs were created last month and 600 part-time jobs on trend terms.
The trend unemployment rate in South Australia has fallen from 6 per cent in February to 5.9 per cent in March, and in seasonally adjusted terms the unemployment rate has fallen from 6.2 per cent to 5.6 per cent.
This has occurred against a backdrop of an increase in the trend participation rate, an indicator of increased confidence in the economy as more people look for work and more hours.
“Whilst we welcome these encouraging job statistics, we know there is a lot of work to do, and as the new State Government we are committed to lowering costs for businesses so that we have the environment to create more jobs to bolster the South Australian economy,” said Minister for Industry and Skills David Pisoni.
“That’s why the Marshall Government is pushing ahead with its agenda to cut payroll tax for small businesses, deregulate shop trading hours, cut ESL bills for households and businesses, as well as train 20,000 new apprentices over the next four years.
“I also note today’s release of the ANZ/Property Council Survey which shows a significant increase in the confidence of businesses in South Australia.
“The Marshall Government is keen to leverage off this confidence and to work closely with the business community to grow jobs and the economy by removing unnecessary impediments to growth and ensuring that we have the right skills for the future needs of industry.”