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Tuesday, 17 October 1972
Page: 1555

Senator YOUNG (SOUTH AUSTRALIA) - Can the Minister representing the Minister for Labour and National Service confirm Press statements that unemployment fell by 8.2 per cent last month, to a figure of 88,800, and unfilled job vacancies increased to a figure of 32,500? If these statements are correct would not the unemployment figure be much less if allowance were made for job vacancies? Further, does not this significant reduction of unemployment by 8 per cent to some 87,800 reveal those people who were forecasting that the number of unemployed would rise to 200,000 as purely prophets of doom?

Senator WRIGHT (TASMANIA) (Minister for Works) - The figures given by the honourable senator are the figures that were issued by the Minister for Labour and National Service. Those figures show a satisfying trend in the reduction of actual unemployment to the extent of some 8,000 persons. I think that the honourable senator is correct in making the claim that the significance of that figure has to be taken into account in relation to the job vacancies which have increased. These 2 factors should be considered together when assessing the degree of unemployment at the present time.

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