NSW Unemployment Rate Spends A Full Year Below The National Average

The NSW unemployment rate has recorded 12 consecutive months below the national
average as 19,600 jobs were created across the State last month.

Minister for Finance and Services Dominic Perrottet said the ABS figures released today
show the NSW unemployment rate increased to 6 per cent in November, but remains the second lowest in the nation behind Western Australia.

“While there was a modest increase to our unemployment rate, NSW still added 19,600
jobs in November – around half of what was created across the entire country,” Mr Perrottet said.

“Pleasingly, our participation rate has increased to 63.3 per cent which indicates strength and confidence in our jobs market.

“The NSW Liberals & Nationals have helped to create around 151,000 jobs since April 2011 off the back of our investments in the key drivers of the economy.

“In Labor’s last term of government, the NSW unemployment rate was below the national average on seven occasions. Since the 2011 election, it’s been below the national average 31 times.”

November’s unemployment data from the ABS is:

 

State/Territory

Unemployment rate (%) November 2014

New South Wales

6.0

Victoria

6.8

Queensland

6.9

South Australia

6.6

Western Australia

5.2

Tasmania

6.9

Australia

6.3

“NSW had become a laughing stock under Labor with the economy ranked 8th in  CommSec’s State of the States report,” Mr Perrottet said.

“The NSW Liberals & Nationals have brought it back to number one.

“Our triple-A credit rating is also secure with Moody’s reaffirming its stable outlook for NSW this week and Standard & Poor’s taking us off negative outlook in October.”