..


Politics

  • Written by Senator Cash Media Release


Labour force figures released today by the ABS reflect the underlying strength and resilience of the Australian economy, with the seasonally adjusted unemployment rate falling by 0.2 percentage points in May 2018, to 5.4 per cent.

Seasonally adjusted employment increased by 12,000 in May 2018, to stand at a record high of 12,518,300, and has now increased by 303,900 (or 2.5 per cent) over the last year.

Full-time employment is 178,800 (or 2.1 per cent) higher than it was 12 months ago.

Part-time employment is at a record high, and is 125,100 (or 3.2 per cent) higher than a year ago.

The participation rate remains strong at 65.5 per cent in May 2018 and is still 0.5 percentage points higher than it was a year ago, and higher than the 64.8 per cent rate when Labor left office in 2013.

The youth unemployment rate fell by 0.9 percentage points over the month to 11.6 per cent in May 2018, its lowest rate since November 2012.

The Minister for Jobs and Innovation, Senator the Hon Michaelia Cash, welcomed today’s continued increase in employment, which reflects the Government’s strong economic management.

“Since coming to Government in 2013 we have created a total of 1,031,300 jobs, an increase of 9.0 per cent – over one million more Australians are in work than when we were elected.”

“While ABS labour force figures can jump around from month to month, today’s data continues to reflect a strong labour market and highlight the success of the Government’s efforts to stimulate ongoing, sustainable jobs growth.”

“The Turnbull Government has the right economic settings for businesses to grow and create jobs, and these figures demonstrate a strong economy,

“We won’t however rest on our laurels, we will continue our work to ensure more jobs are created and more Australians experience the benefits that come from having a job,” Minister Cash said.

Independent Candidate for the Seat of Gippsland East, Matt Stephenson

MATT STEPHENSON TO GO INTO THE RING WITH BULL A sixth generation East Gippslander is “throwing his hat in the ring” to challenge Tim Bull at the forthcoming state elections. As an aspiring Independen...

Malcolm Turnbull press conference with the Minister for the Environment and Energy

Well the Party Room today has today overwhelmingly supported the National Energy Guarantee, and as a consequence, we are one step closer to cheaper and more reliable energy. This policy is part of ...

Independent Parliamentary Budget Office exposes Shorten's lies

Bill Shorten's false claims about so-called insecure work lie in tatters today, following an analysis published by the independent Parliamentary Budget Office (PBO).  The PBO’s independent analysis...

Union demands paint a bleak future under Shorten

It’s time for Bill Shorten to come clean and rule out extreme changes to Australia’s industrial relations laws that would wind the clock back to the strike-torn Whitlam era.   As the ACTU prepares...

Doorstop at AKD Sawmill with Trevor Ruthenberg, LNP Candidate for Longman

MR TREVOR RUTHENBERG, LNP CANDIDATE FOR LONGMAN: Well morning folks. Welcome to Caboolture, welcome to Longman. This is a fantastic day for local jobs. This is a fantastic day for our community. ...

Australia’s resource and energy export figures are on track to set a new record

Resources and energy exports setting NEW records   Australia’s resource and energy export figures are on track to set a new record of $226 billion in 2017–18 – and go even higher this year – accor...

Business News

3 Tips for Better Management

Running your own team, whether it’s the whole business or simply one department, means making sure that you are a good manager. Being a manager is a lot harder than many people assume, and often mea...

Research reveals the avoidable task 92% of people and businesses are wasting time on

New research commissioned by Zoom2u, an innovative platform that provides radically fast and reliable deliveries, reveals that despite massive tech advancements in the delivery space, 92% of Austral...

JB Hi-Fi battles on despite Amazon

Expected to be one of the most vulnerable companies amid Amazon Australia’s arrival, an emboldened JB Hi-Fi has posted an increase in revenue of 21.8% over 2017-18, to total $6,854.3 million. The gr...

Travel

AYANA Komodo Resort, Waecicu Beach

  20 August Sydney, Australia – 15 September 2018 marks the launch of the first and only 5-star resort on the island of Flores, AYANA Komodo Resort, Waecicu Beach by AYANA Hotels. Alongside the spe...

Discovering South Australia

Hey there! Have you ever thought about visiting Australia? Just imagine road tripping in a Winnebago with your family in tow and enjoying the beauty of the Down Under. If you have never enjoyed visi...

Lake Macquarie for an adventure to match every budget

Explore the environs of Australia’s largest saltwater lake on a shoestring and still have a blast If your tastes for travel out weight your wallet, and low cost or no cost activities are what you ...

You might also like