South Australia’s unemployment figures are the equal lowest since monthly records began, more than 45 years ago.
South Australia’s unemployment rate fell to 3.6 per cent in October, in seasonally adjusted terms.
This was the second lowest in the country and lower than the national average of 3.7 per cent. Only NSW had a lower unemployment rate at 3.4 per cent.
There are now 959,000 South Australians in work, the highest number on record. Of these 635,500 are employed full time.
Since the election the Malinauskas Government has overseen the creation of 52,200 jobs – 38,600 of them full-time.
The participation rate remained at 64.3 per cent, which has only been exceed four times, all of them this year.
The rate of growth in the number of jobs through the year came in at 3.5 per cent, outpacing the national rate of 3.0 per cent.
The State’s youth unemployment rate is now 8.4 per cent, much lower than the time of the state election when it was 12.6 per cent.
As put by Stephen Mullighan
Today’s record result demonstrates that our economy is continuing to hold up in the face of national economic headwinds.
Our relative economic strength has been highlighted by our unemployment rate now being the second lowest in the country and lower than the national average.
Our economy has also been recognised in a raft of independent reports, with CommSec recently ranking the South Australian economy second in the nation.
Our continued investment and industry support provides a steady foundation for a labour force that grows from strength to strength.
