Release type: Media Release

Date:

Latest Labour Force results highlight the need for Government’s Economic Action Strategy to be implemented

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

Labour Force figures released by the Australian Bureau of Statistics today indicate that the seasonally adjusted unemployment rate remained steady at 6.2 per cent in October.

The figures show that seasonally adjusted employment rose by 24,100 in October but the unemployment rate remained steady.

Employment is now around 116,900 higher than September 2013 when the Government came to office.

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

We have delivered on our commitment 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 delivering a record $50 billion infrastructure programme that will generate jobs during construction and deliver productivity improvements to generate long term jobs growth.

We have already finalised two of our of three major free trade agreements that will provide export opportunities and jobs growth for Australian businesses. 

While the increase of 33,400 full time positions is encouraging, the underlying softness in the labour market shows that there is still much more that needs to be done.

This result underscores the importance for the Senate to pass legislation that will create more job opportunities, in particular for young Australians who are eager to gain employment.

The Government has a suite of legislation before the Senate that will fuel job creation.

For Australians seeking more job opportunities it’s essential this legislation is supported and passed.