Victoria creates 19,500 new jobs in May

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Image credit: freedigitalphotos by: cooldesign

The latest Australian Bureau of Statistic (ABS) figures revealed that Victoria led the nation in job creation in the month of May.

Image credit: freedigitalphotos by: cooldesign
Image credit: freedigitalphotos
by: cooldesign

Treasurer Michael O’Brien said in a press release that Victorian employment grew by 19,500 persons (0.7%) in May, the strongest result of any state.

“These 19,500 new jobs are a show of confidence by businesses right across the state,” Mr O’Brien said.

“Victoria’s monthly employment growth was the highest of the states and there are now 77,200 more people employed in Victoria than when Labor left office in 2010.”

The ABS report also found that Victoria’s unemployment rate has fallen 0.2 percentage points to 6.25 while the participation rate rose by 0.3 percentage points to 64%.

“Today’s positive jobs growth is further bolstered by this week’s passing of the state budget, funding a $27 billion infrastructure program that will generate even more jobs, investment and productivity. The biggest risk to job creation in Victoria is the Labor Party’s opposition to new job-creating infrastructure and its ties to the criminally-convicted CFMEU,” Mr O’Brien said.

“It is time that Daniel Andrews showed some backbone, expelled the CFMEU from the Labor Party, and reversed his opposition to the East West Link, the Melbourne Rail Link and the Airport Rail Link,” he said.