New record low unemployment rate for NSW

The NSW unemployment rate has reached a record low for the second time this year, falling 0.4 percentage points to 3.5 per cent in April.

It is the state’s lowest monthly unemployment rate since current records began in 1978 according to the latest ABS data, following on from the previous record of 3.7 per cent in February.

About 19,300 extra people were employed in full-time jobs in April in NSW and hours worked in NSW also bounced back by 2.5 per cent.

NSW Treasurer Matt Kean said today’s outstanding results came after a decade of strong economic management by the NSW Coalition Government and is a clear indication of the underlying strength of the State’s economy.

“The NSW labour market is in an extremely strong position having reached a record low unemployment rate for the second time in the past few months which is significantly lower than the national average,” Mr Kean said.

“The NSW Government has provided effective, tailored support measures to steer this State through bushfires, floods and COVID outbreaks, to come out even stronger through these difficult times.”

An additional 93,200 people are employed in NSW compared to pre-COVID levels, and another 51,600 compared to pre-Delta levels.

The NSW unemployment rate remains below the national unemployment rate of 3.9 per cent.

The State’s advanced economic performance is boosted by a focus on jobs through programs such as Jobtrainer which has attracted more than 200,000 enrolments, and fee-free training for nearly 200,000 apprentices and trainees.

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