The Australian Government’s economic drivers are paying dividends, with the longest run of monthly jobs growth ever recorded.
Northern based Government Senator Ian Macdonald said unemployment in Townsville has dropped by 3.1 per cent when compared to the same time last year.
“Labour force figures released by the Australian Bureau of Statistic show that unemployment in Townsville is at 8.3 per cent, which is a large drop when compared to the 11.4 per cent high of January 2017,” Senator Macdonald said.
“2017 was the best year for jobs growth ever and that growth is continuing into this year with the number of jobs in Australia increasing for the 16th straight month in January – the longest consecutive run of jobs growth ever.
“The Australian Government has put in place the right policy settings and this is now paying off with our economy creating, on average, around 1,100 new jobs a day.”
Jobs growth over the last 12 months is almost five times stronger than Labor’s last year in government. In fact, 17,700 full-time jobs were lost in the last year of the Labor Government.
Senator Macdonald said since the Coalition was elected in September 2013, 971,500 jobs have been created, an increase of 8.5 per cent.
“Total employment and total part-time employment are at record highs nationally. It’s great to see those positive figures flowing through to North Queensland,” Senator Macdonald said.
“We still have work to do however; youth unemployment has dropped by 2.5 per cent in Townsville but remains high at more than 18 per cent.
“Australian Government investment in Townsville will continue to see hundreds of new jobs created through funding of $100 million for the new Stadium, $150 million for the Townsville Eastern Access Rail Corridor, $75 million for the Cooperative Research Centre and the $1.25 billion Comprehensive Strategic Partnership with Singapore, to name just a few.”