Unemployment falls again to 6.3 per cent as job vacancies hit record level

Today’s employment data from the Australian Bureau of Statistics (ABS) shows a 0.5 per cent fall in the unemployment rate to 6.3 per cent and that there are a record number of job vacancies with more than 19,300 jobs on offer in South Australia.

Since January there have been 6100 jobs created in South Australian, unemployment has fallen from 7.1 per cent to 6.3 per cent and South Australians are working an additional 6.4 million per month.

Since the peak of the COVID shock South Australia has created 37,900 additional jobs.

“Today’s ABS statistics show there have never been more jobs vacancies in South Australia’s history, with opportunities for employment right across the economy,” said Minister for Innovation and Skills David Pisoni.

“Many of those job vacancies are in the construction sector with an 11 per cent surge in dwelling unit commencements in South Australia during the December quarter resulting in a total of 3,089 individual commencements, 6.4 per cent higher than a year earlier.

“The $2.7 billion pipeline of work in residential construction in South Australia is creating a wave of jobs in the residential construction sector.

“I urge South Australians looking for work are being encouraged to consider a job in the building trade with the State’s residential construction sector driving strong employment growth for tradies, labourers and apprentices.

“The Marshall Government’s Skilling South Australia program is investing $200 million in helping South Australians into apprenticeships and traineeships in the many industries searching for employees.

“Since March 2018, there have been 37,400 apprentice and trainee commencements, of which 5,324 have been in the construction industry.

“According to the ABS, total wages in South Australia in late-March 2021 were 4.2% higher than the pre-COVID level in March 2020 – the strongest result of the states and stronger than the national increase of 2.1%.

“Since the dip in early April 2020, total wages in South Australia have increased by 11.8% – the second strongest growth rate of the states since the shock and stronger than the national increase of 10.5% since late-May 2020.”

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