Jobs growth continues with drop in headline unemployment rate

The latest ABS Labour Force stats highlight that since the election of the Marshall Liberal Government in March 2018 nearly 15,000 more South Australians are in work, of which nearly 9,000 are employed full time.

A record 855,400 South Australians were employed in SA in September, with 553,000 being full-time, with the ABS noting that ‘The annual trend employment growth rate in South Australia is above the 20 year average year-on-year growth.’

In seasonally adjusted terms there was a significant drop in the unemployment rate from 7.3 per cent in August to 6.3 per cent in September, underscoring the inherent volatility in the headline rate, with the seasonally adjusted participation rate easing but still remaining strong.

The trend unemployment rate remained relatively stable at 6.5 per cent in September, which was a 0.1 per cent increase on the August figures.

“Employment growth in SA continues to be strong, with record numbers of total employed and solid growth in full-time employment since the election of the Marshall Liberal Government,” said Minister for Innovation and Skills David Pisoni.

“This was highlighted earlier in the week with the release of the Deloitte Access Business Outlook which detailed near-record jobs growth as well as a massive surge in the number of people willing to work.

“The Marshall Liberal Government is continuing to implement our growth agenda with a strong focus on job creation and transitioning the South Australian economy to new growth industries and creating jobs for the future.

“A good example of this is the opening of the FIXE Startup Hub at Lot Fourteen yesterday, operated by Stone & Chalk, with more than 100 entrepreneurs from 29 startups having moved in already.

“The Lot Fourteen precinct is symbolic of the substantial transition of the South Australian economy, which the Marshall Liberal Government is driving through the emerging industries of space, cybersecurity and defence.”

Businesses remain confident in the direction of the South Australian economy, with a number of recent economic and jobs announcements, including:

  • 450 construction jobs and 120 ongoing full time jobs upon completion of the Adelaide Oval Hotel
  • 200 construction jobs and 90 full time jobs upon completion of the Monarto Safari Resort
  • 50 jobs at the Almondco expansion at Renmark
  • 45 jobs at a new national Triple Zero call centre in Adelaide
  • 580 jobs on the highly anticipated New Line action film Mortal Kombat
  • 150 construction jobs and 100 ongoing retail jobs from SA’s first Kaufland supermarket
  • 200 jobs during Hines Property’s construction of the first micro-hotel in Adelaide
  • 300 construction jobs and 20 ongoing jobs from Neoen’s new wind, solar and battery project
  • 20 new manufacturing jobs at Micro-X for production of carbon nanotube-based X-ray tubes
  • 500 jobs at Cocoon Group NDIS housing project
  • 60 jobs at SupaShock’s new defence manufacturing facilities at Holden Hill
  • 600 jobs at the new Hyatt Regency in the city
  • 250 direct and 400 associated jobs at Neoen’s renewable energy generation facility
  • World-leading university MIT establishing a Living Lab in Adelaide
  • Tourism expenditure reaching a record $7.2 billion
  • Over 650 new jobs supporting the EPS Energy solar farm near Robertstown
  • 60 new hospitality jobs to be created at the Adelaide Casino’s new restaurant and bar ‘The Guardsman’
  • 32 new jobs announced at Sony Interactive Entertainment, in the burgeoning creative and high tech industries
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