Nearly half a million jobs have been created in Victoria since the Andrews Labor Government was first elected – with more than 20,000 jobs created in the last month alone.
Australian Bureau of Statistics data released today shows 20,300 jobs were created in Victoria in August – more than in any other state in the nation – and that Victoria contributed more than half of all jobs created across Australia.
It shows Victoria’s Big Build is continuing to drive construction and support our economy, while delivering the important infrastructure projects that will benefit generations of Victorians to come.
Over the year to August, Victoria’s employment increased by 3.6 per cent – that’s 117,600 jobs – the largest increase in percentage terms of all the states.
Some 494,100 people have found a job in Victoria since the Labor Government was first elected in November 2014 – up by 16.9 per cent, the highest growth rate of the states over that period.
More than 300,000 of these jobs have been full-time roles.
Victoria’s unemployment rate also remains well below the national average at just 4.9 per cent.
Victoria’s youth unemployment rate has also decreased by 4.2 percentage points since November 2014, dropping to just 10.4 per cent in August (12-month average).
As noted by Treasurer Tim Pallas
“Since November 2014, nearly half a million Victorians have found work – each with their own story, each with their own unique contribution to this state.”
“This extraordinary jobs growth is testament to our unprecedented infrastructure build and our work to make it easier for small businesses to expand and hire.”