Victoria

More than 280,000 jobs and counting

More than 280,000 jobs have been created in Victoria since the Victorian Government came to office three years ago.

Revised Labour Force data released by the Australian Bureau of Statistics (ABS) confirms Victoria has created 284,000 new jobs since November 2014 – the highest in the nation in both absolute and percentage terms.

It equates to more than 250 new jobs every day since the Government was elected.

Almost 190,000 of those jobs are full time – again, the highest growth in full time employment of all the states.

Unemployment remains steady at 5.7 per cent, having experienced the biggest decrease in the nation in October 2017, and remains the second lowest unemployment rate in Australia.

The data shows that since the Government was elected, there has been annual average jobs growth of 3.2 per cent.

The ABS re-benchmarks Labour Force data once a quarter to ensure the estimates are based on the most up to date population benchmarks.

The excellent job figures complement an exceptional few days of strong economic data for Victoria.

The ABS reported Victoria’s goods and services export growth is powering along, with a 10.6 per cent annual boost taking total exports to almost $50 billion in the year to the September 2017 quarter.

Meanwhile, the ABS confirmed Victoria’s economy is booming, with state final demand growth the strongest in the nation at 4.7 per cent over the year to September 2017.

Source: Vic Government