The Marshall Government has today welcomed the 1,300 increase in South Australians employed, which includes almost 900 full-time jobs in April, with the trend unemployment rate remaining steady at 5.9 per cent, which is the lowest in five years.
The total number of South Australians employed is at the highest trend level in history, at 840,700, with the number of full-time jobs at its highest level in seven years at 545,000.
This has occurred against a backdrop of another increase in the trend participation rate seeing more people entering the workforce, which is now the highest in five years, an indicator of increasing confidence in the Marshall Government’s plans for the economy.
Other indicators of an improving South Australian economy are retail turnover, which is 3.3 per cent higher than this time last year, new motor vehicle sales which are up 3.5 per cent, and dwelling approvals which are up 2.2 per cent.
“The State Government welcomes the increase in full-time jobs last month, but we know there is a significant amount of work to do to lower costs for businesses and further strengthen the South Australian economy by creating more jobs,” said Minister for Industry and Skills David Pisoni.
“That’s why the Marshall Government is pushing ahead with its agenda to lower costs, including returning the remission on the Emergency Services Levy from 1 July, which amounts to $360 million back in the pockets of households and businesses over four years.
“We will also cut payroll tax for small businesses in South Australia, removing impediments to employing more people, and we will cap council rate increases.
“This government is under no illusions that there is more work to be done to ensure SA’s employment market grows, but it is pleasing to see growing confidence from businesses and consumers in South Australia.”
The seasonally adjusted unemployment rate is 5.9 per cent for the month of April, which has South Australia the third lowest of all the states, while the national seasonally adjusted unemployment rate is 5.6 per cent.