Minister for Employment, Senator Eric Abetz, said figures out today showed the seasonally adjusted unemployment rate decreased by 0.2 percentage points to 5.8 per cent in March.
The figures, released by the Australian Bureau of Statistics (ABS) show that employment rose by 18 100 in March 2014 (at the higher end of market expectations), to stand at a record high of 11 553 200.
Senator Abetz said any increase in employment was encouraging; however, monthly data should always be treated with caution. The participation rate also played a role in this month’s figures.
“Under the Coalition Government total employment has risen by around 87,700 persons, full time employment has risen by 13,200 and part time employment is up 74,500,” Senator Abetz said.
Coalition policies for job creation and a stronger economy include abolishing the carbon and mining taxes, cutting red tape and green tape, and re-establishing the Australian Building and Construction Commission. It is these policies that will create the environment for employers to employee more people and encourage people to participate in the job market.
The Government will be providing greater incentives to help more unemployed Australians back into the workforce including:
- A Job Commitment Bonus payment of up to $6,500, which will encourage long-term unemployed young Australians to find a job and remain off welfare;
- A Seniors Employment Incentive payment of up to $3,250, which will encourage employers to take on mature age job seekers aged 50 and over;
- The Tasmanian Jobs Programme, which will provide an incentive of up to $3,250 to businesses that employ job seekers (who have been out of work for at least six months and are at risk of long-term unemployment) in full-time positions for at least six months.
“We need to continue to push ahead with our job creating policies which are being held up in the Senate by the Labor-Green alliance.”
“Whilst employment figures can fluctuate from month to month, the growth in employment is welcome,” Senator Abetz said.