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NSW UNEMPLOYMENT RATE DROPS TO 4.7%

NSW UNEMPLOYMENT RATE DROPS TO 4.7%

Thursday, 18 May 2017

The NSW unemployment rate has dropped to its lowest level since August 2012, according to ABS data released today.

Unemployment in NSW fell to 4.7 per cent in April, down from 5.0 per cent in March, and significantly lower than the next best state, Tasmania, at 5.9 per cent.

The figures confirm NSW’s unemployment rate has been lower than the rest of the nation for 23 consecutive months, with the April drop in the NSW rate contributing significantly to the national rate falling.

Treasurer Dominic Perrottet said the jobs figures revealed NSW as the driving force of the national economy.

“No matter where you look, our state is a hive of activity, with a massive infrastructure program and the best business conditions in the nation,” Mr Perrottet said.

“All of that means jobs for the people of NSW – we’ve all got our shoulders to the wheel and together we are getting on with the job of making NSW the best state to live, work and raise a family.”

ABS data shows more than 332,000 jobs have been added in NSW since the Liberals and Nationals came to office in 2011.