Release type: Media Release

Date:

Jobs growth and falling unemployment

Ministers:

Senator the Hon Eric Abetz
Leader of the Government in the Senate
Minister for Employment
Minister Assisting the Prime Minister for the Public Service
Senator for Tasmania

Today’s ABS Labour Force release is further evidence that the jobs market strengthened towards the end of 2014.

The Coalition Government is delivering our Economic Action Strategy to generate jobs and grow a more prosperous economy.

Today’s release shows that employment is growing, unemployment is coming down and more people are actively looking for work.

37,400 new jobs were created in the month of December, building on the 45,000 new jobs created in November and the unemployment rate fell to 6.1 per cent.

In 2014, 213,900 new jobs were created and jobs growth averaged around 17,800 per month; more than triple the average monthly jobs growth in 2013 of around 5,000 a month.

ANZ job advertisements have also risen for seven consecutive months, pointing to more strength in the jobs market in coming months.

This is further evidence that Australia is again open for business.

From today businesses will benefit from new opportunities to grow exports with the Japan–Australia Closer Economic Partnership Agreement (JAEPA) coming into force. It follows the commencement of the Korea–Australia Free Trade Agreement (KAFTA), which took effect on 12 December 2014.

We have delivered on our commitments to get rid of the job destroying carbon and mining taxes, we are assisting small businesses to grow by removing red and green tape, and we are getting major projects underway with environmental approvals worth one trillion dollars; projects that will provide tens of thousands of jobs far into the future.

The Government is also delivering a record $50 billion infrastructure programme that will generate jobs during construction and deliver productivity improvements to generate long term jobs growth.

2015 is the year of jobs and families – the Government will continue to focus on job creation because it’s good for individuals, it’s good for families and it’s good for the economy.