The Gillard Government welcomes today’s outstanding labour force figures which show 53,100 full-time jobs were created in August.
The seasonally adjusted unemployment rate dropped to 5.1 per cent – down from 5.3 per cent.
The Minister for Employment and Workplace Relations Simon Crean welcomed today’s strong result which underlines the success of Labor’s economic management and its commitment to keep the nation working.
“More than 53,000 Australians have found full-time jobs in the last month. This is a great result for Australian workers and their families.”
“In the last 12 months almost 350,000 jobs have been created with three quarters of them, or 267,000, being full-time positions.
“Since Labor came to office in November 2007 employment has risen by 567,000.
“Seasonally adjusted employment now stands at a record high of 11,272,000 – so more Australians than ever before are working.
“It is a great achievement to see sustained jobs growth and an unemployment rate that is half that of major economies such as the United States and Europe where the jobless rate is around 10 per cent.
“Had we sat on our hands in the face of the worst global crisis since the Great Depression, hundreds of thousands of Australians would have lost their jobs,” Mr Crean said.
The strong increase in full-time employment in August was partly offset by a fall in part-time employment of 22,100 with overall employment increasing by 30,900.
The number of unemployed fell by 22,500 to stand at 607,700.
The participation rate remains high at 65.4 per cent, down from 65.5 per cent.
“The Government remains committed to an agenda that will continue to create jobs and ensure employers have the skilled workers needed to grow their businesses.”
“The combination of unemployment and skills shortages in some sectors indicates there are still challenges ahead.
“We went to the election with a commitment to invest in the skills of our workforce and we intend to deliver on this agenda.”
The ABS has advised that the hiring of election day officials did not impact on the employment figures for August as this hiring fell outside the survey period.