Unemployment falls to 4.9 per cent
AUSTRALIA’S unemployment rate has fallen to 4.9 per cent after almost 40,000 new jobs were created last month.
The news has been described as a boost for the economy by the Minister for Jobs, Senator Chris Evans, who said Australia now had a record number of working people.
“In the previous 12 months more than 300,000 full time jobs have been created, which has resulted in a majority of Australians sharing in the benefits of the nation's growing prosperity,” he said.
“The number of jobs in Australia has surged by 32,100 and this is an outstanding result that reflects the success of our economic strategy and the fundamental strength of our economy.
“Our 4.9 per cent employment rate is one of the lowest in the industrialised world.”
Senator Evans said the results were testament to the Government’s decisive and strong economic management.
The senator added the release of the March labour force figures also showed the Queensland labour market had begun to recover in the wake of the summer floods and Cyclone Yasi, with the jobless rate in Queensland falling to 5.5 per cent.
“In the face of the recent natural disasters that have hit family budgets and the national budget, the released figures show this is an outstanding result.”