For the first time ever, more than three million people are employed in Victoria, with the Australian Bureau of Statistics today confirming that Victoria’s strong jobs growth has continued in the month of March.
The total number of Victorians now in work is 112,600 people higher than when the Andrews Labor Government was elected, a press release said.
There were 16,000 new full time jobs created in Victoria in March, bringing the number of full time jobs created since November 2014 to 71,100.
These job numbers dwarf the poor jobs growth seen under the previous Liberal Government, which sat on its hands and did nothing for four years.
Victoria’s annual growth in full-time employment is the strongest in Australia – in both absolute and percentage terms.
This is further evidence that the Labor Government’s infrastructure and jobs agenda is helping build a strong economy and creating work for Victorians.
Victoria’s unemployment rate has now dropped to 5.7 per cent, a 1 per cent drop from when this Government took office, to be on equal footing with the national average.
Victoria’s youth unemployment rate is also falling and is now 1.4 percentage points lower than a year ago.
The strong employment figures closely follow an NAB report released earlier this week which showed Victorian business conditions are the strongest in mainland Australia and the highest since October 2007. (TIW)