Victoria has achieved its goal of creating 400,000 new jobs two years ahead of schedule according to the latest labour force figures from the Australian Bureau of Statistics (ABS)
Celebrating the news, Treasurer Tim Pallas said the data showed 62,000 Victorians found work last month, boosting the total number of jobs created since September 2020 to more than 420,000.
“The monthly increase in jobs was the largest in the country and four times the size of the next best performing state – New South Wales,” Mr Pallas said.
“In November 2020, with the pandemic putting a world-wide brake on economic activity, the Andrews Labor Government set a Jobs Plan goal of creating 400,000 new jobs by the end of 2025,” he said.
“The ABS data confirms the investments that underpinned the strategy have paid dividends for workers and businesses across the State.”
Mr Pallas said the ABS also reported that Victoria’s population grew by 1.7 per cent over the year to September 2022 – the State’s strongest growth since the start of the pandemic.
He said the data showed Victoria’s growth in final demand – a key measure combining private and public spending and investment – grew by 4.1 per cent in 2022 against the national average of 3.3 per cent.
“Victoria has led the nation in jobs growth since September 2020, and there are now more Victorians in work than ever before – almost 3.6 million people – including 70 per cent in full-time roles,” the Treasurer said.
“These are remarkable figures, but this is about more than just numbers,” he said.
“A job means security for families and confidence to plan for the future. This is a milestone worth celebrating because of what it means in homes across the State.”
The ABS’ latest labour force figures can be accessed at this PS News link.
