Australia Creates 49,500 Jobs In September 2010
The Minister for Jobs, Senator Chris Evans, welcomed the creation of 49,500 jobs in September, the strongest monthly employment growth since January this year and more than double median market expectations.
The strong result in today’s labour force figures, released by the Australian Bureau of Statistics, also saw the seasonally adjusted unemployment rate remain steady at 5.1 per cent.
“This is another very strong result which underlines sustained jobs growth in our economy,” Senator Evans said.
“Today’s figures are a testament to Labor’s successful economic management which has seen Australia emerge from the global financial crisis in a very strong position.
“Since Labor came to office in November 2007, employment has risen by over 600,000.
“And in the last 12 months, around 360,400 have been created, with more than 80 per cent of these being full-time positions.
“Seasonally adjusted employment is now at a record high of 11, 324, 900 and that is a great result for Australian workers and their families.”
Senator Evans said Australia’s unemployment rate is around half that of major economies such as the United States and Europe where the jobless rate is around ten per cent.
“Our challenge is to continue to build our nation’s human capital by investing in education and training to ensure Australian workers have access to the job opportunities arising from our strengthening economy,” he said.
The labour force figures also reveal an increase in the participation rate from 65.4 per cent to 65.6 per cent, reflecting strong growth in the number of people entering the workforce.
The number of unemployed rose very slightly from 608,700 to 611,000.
“Importantly, today’s results show that over the course of the year, all Australian states and territories have recorded a reduction in their unemployment rate,” Senator Evans said.
“The Government is committed to keeping the nation working. We have an economic plan to build on our strong record of job creation so that more Australians can contribute to and benefit from our prosperity.”
Topics: 2010, Australia, Australian Bureau of Statistics, business, economic development, economic growth, economic recovery, Economy, education, employment, global financial crisis, Governance, government, investment, jobs, Labour Force Figures, moniter, monitor, news, Senator Chris Evans, skills, society, training, unemployed, workforce
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