- Regional employment increased by 6,500 persons in the three months to November
- Regional unemployment rate of 4.9 percent the lowest of all the states
- Regional families are benefiting from the Victorian Coalition
- Government’s strong regional focus.
Employment in regional Victoria is the strongest of all the states over the three months to November, according to Australian Bureau of Statistics (ABS) figures, Treasurer Michael O’Brien said today.
Regional Victoria’s unemployment rate has fallen over the three months to November.
“Regional Victoria’s unemployment rate averaged 4.9 per cent over the three months to November and is the lowest of all the states,” Mr O’Brien said.
“Today’s unemployment numbers are significantly lower than the Australian regional average of 5.7 per cent and the 6.3 per cent unemployment rate left by the former Labor Government in 2010.”
Employment in regional Victoria increased by over 6,500 persons in the last three months.
“These 6,500 new jobs in regional Victoria have been supported by the Victorian Coalition Government’s economic strategy of building for growth, careful management of the state’s finances and record infrastructure investment,” Mr O’Brien said.
“There are now 44,500 more people employed in regional Victoria than when Labor left office.
“These figures demonstrate that despite challenging circumstances, the Victorian economy is producing new job opportunities for Victorian families,” Mr O’Brien said.
Over the year, employment in regional Victoria increased by 20,800 persons (2.8 per cent).
Today’s ABS figures also show that Victoria has a diverse and flexible economy with the construction industry and agriculture, forestry and fishing sectors driving Victoria’s growth.
“Over the past 12 months we have seen growth in the construction industry (12,200 persons), agriculture, forestry and fishing (3,900 persons), mining (2,600 persons), and business services (6,400 persons) compared to the previous year’s average, demonstrating Victoria’s economy is resilient because of its diversity,” Mr O’Brien said.
“The Coalition Government has a record $5.8 billion infrastructure program that will provide even more opportunities for the construction sector.
“The Coalition Government’s $1 billion Regional Growth Fund has so far invested more than $360 million into 1,244 projects worth a total of almost $1.5 billion.
“It is time that Daniel Andrews and the Labor Party put jobs ahead of politics. Labor needs to reverse its opposition to key projects including the Port of Hastings and the East West Link that will further boost regional jobs by enhancing our freight and export capacity,” Mr O’Brien said.