There is some good news on the jobless rate in Tasmania. Tasmania now has the second lowest jobless rate in Australia just behind the mining powerhouse of Western Australia.
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This story from The Mercury.
Tassie bucks jobless trend
THE state’s unemployment rate rose 0.3 per cent last month to 5 per cent in seasonally adjusted terms.
That put Tassie’s jobless rate below the national figure of 5.2 per cent, leaving 11.4 million people working 1626 million hours last month, the Australian Bureau of Statistics figures showed.
Premier Lara Giddings welcomed the 0.1 per cent fall in the unemployment rate in trend terms to 4.9 per cent, noting the creation of 400 jobs in the past two months.
“Tasmania now has the best unemployment rate of any state apart from Western Australia, which is in the midst of the mining boom,” Ms Giddings said.
“The unemployment queue is now down to 12,200 persons, which is a decrease of 2300 people since February.”
Ms Giddings said it was also encouraging that the participation rate remained steady in October.
Liberal treasury spokesman Peter Gutwein said despite the welcome improvement, 1000 jobs had been lost in Tasmania since Ms Giddings became Premier.
“What is even more disturbing is the fact that our appallingly low participation rate, which is nearly 10 per cent below the national rate, is hiding the real unemployment problem in our state,” he said.
“The low participation rate means that Tasmanians are either simply giving up looking for work or, worse still, moving interstate to find a job.
“The fact is, the Green-Labor Government has no policies and no vision for creating jobs and rescuing our economy.
“And there is absolutely no chance that they will keep their promise to create 15,000 new jobs by 2014.”