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Labour force September 2008

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The Hon Julia Gillard MP

Minister for Education. Minister for Employment and Workplace Relations Minister for Social Inclusion. Deputy Prime Minister 09 October, 2008

Media Release

Labour Force September 2008

Labour force figures released today by the ABS show that unemployment remained low in September, despite

the biggest upheaval on global financial markets since the Great Depression.

In trend terms, the unemployment rate has been stable for the past six months. The participation rate also

remained steady at 65.1 per cent.

In line with market expectations, today’s job numbers indicate that the unemployment rate increased slightly

to 4.3 per cent in September, up from 4.1 per cent in August.

Employment grew by 2,200 persons in September and total employment has grown by 1.9 per cent over the

last year, with a total of 200,500 new jobs created.

In the context of the global difficulties Australia is facing, these are welcome figures.

Australia is not immune from the global financial turmoil which is slowing the world economy but we are

better placed that most to withstand the fall out.

The Government expects to see the impacts of global difficulties flowing through to the real economy,

including employment growth.

The Government has been up front with the Australian people. The Budget forecast the unemployment rate to

rise to 4¾ per cent by June 2009.

The Government firmly believes that relief for families together with, a strong surplus, nation building for the

future and an education revolution to improve skills is the best way to respond to the global challenges that

have reached our shores.

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