Treasurer Mike Baird today welcomed the milestone of more than 100,000 new jobs for the people of NSW created during the first term of the O’Farrell Government.
The latest ABS Labour Force figures released today showed there were 3,400 new jobs created in March, on top of the 22,300 new jobs created during the previous month.
“With 103,100 jobs created in just over two years, we have exceeded our election commitment of creating 100,000 new jobs in our first term,” said Mr Baird.
“Since coming to office, the O’Farrell Government has created more jobs than any other state in the country.”
The ABS figures show unemployment in NSW edged up from 5.3 per cent (revised) in February to 5.5 per cent in March.
“This is consistent with our budget forecasts,” Mr Baird said.
“Despite the small uptick in the unemployment rate in March, it is encouraging to see that the participation rate is continuing to move higher.”
Mr Baird noted that, with the national unemployment figure now 5.6 per cent, NSW has spent 14 consecutive months under the national average.
“We continue to enjoy the lowest unemployment rate of any state, apart from Western Australia,” he said.
“This follows a decade under the previous Labor government during which NSW had the lowest employment growth of any state.”
“Our record investment in key infrastructure over the next four years will continue to support thousands of new jobs and further boost our economy.”
“We will continue to make the hard decisions, and the right decisions, to rebuild the NSW economy,” said Mr Baird.