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ABS August 2013 Labour Force



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MEDIA RELEASE

THE HON JOE HOCKEY MP

Thursday, 12 September 2013

ABS AUGUST 2013 LABOUR FORCE RELEASE

Today’s labour force data reaffirms the need for a positive economic plan that will boost growth and create jobs.

The Coalition expresses concern at the August 2013 Labour Force figures that show Australia’s unemployment rate continuing to rise.

Australia’s unemployment rate is now at its highest level since August 2009 during the middle of the Global Financial Crisis.

The number of unemployed in Australia is now at its highest level in over 14 years.

Under Labor over 200,000 more Australians joined the unemployment queues.

Labor’s own Economic Statement, released last month, showed the unemployment rate forecast to rise to 6.25% by the middle of next year, meaning nearly 800,000 Australians will be out of work.

At a time where unemployment rates in many other advanced economies are decreasing, Australia’s unemployment rate is heading in the opposite direction.

As a starting point the Coalition will get rid of Labor’s carbon tax, get rid of the mining tax and not proceed with Labor’s job killing $1.8 billion Fringe Benefits Tax hike.

Further, the Coalition’s company tax cut will provide an incentive for employers to invest more in their businesses and create new jobs.

The Coalition’s company tax cut will restore the confidence of business and workers which has been severely damaged under six years of Labor mismanagement.

The Coalition will also start building the roads of the 21st century so we can immediately stimulate economic growth, create jobs and ensure Australians receive the productivity benefits of better infrastructure sooner rather than later.

Only a Coalition Government will help create one million new jobs in the next five years, and two million new jobs in the next decade.

The Coalition is purposefully and methodically preparing for government with our Plan to build a strong, prosperous economy and a safe, secure Australia

[ENDS]