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Australian economy continues to support jobs growth

Australian economy continues to support jobs growth

Employment figures strong across Australia

Employment levels across Australia have remained strong, even in light of problems in the global financial markets.

Latest figures show that in October, 18,700 new full-time jobs were created, which took the employment total to 11.5 million.

This is the highest amount of Australians who have ever been employed, as the unemployment rate remained low at 5.4 per cent.

“Australia has stable growth, low unemployment, strong investment and contained inflation – a combination that almost any other country in the world would trade for,” acknowledged Bill Shorten, minister for employment and workplace relations.

The government has committed to building a strong future for the country, which includes giving people access to job opportunities as the labour market becomes stronger.

It has earmarked $15.6 billion for investment in the vocational education and training sector over the coming years, as well as $3 billion over six years for the Building Australia’s Future Workforce initiative.

Other recent figures showed that the mining industry continues to be a major provider of jobs in Queensland and elsewhere in Australia.

Census data from 2011 revealed that since statistics were last compiled in 2006, there has been a 1.8 per cent rise in the number of people employed in the mining sector.

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