18 February 2016
The latest ABS jobs data released today has revealed that the proportion of working South Australians who are underemployed is the highest in the nation at 11.9 per cent.
Underemployment, meaning that people want to and are able to work more hours, has reached its highest level on record.
Compared with January 2015, South Australians are also working 1.37 million fewer hours.
“While any drop in the overall unemployment rate is welcome, the Weatherill Labor Government cannot afford to sit on its hands,” said Shadow Minister for Employment Corey Wingard.
“South Australia continues to have the highest unemployment rate in the nation.
“Yesterday, grave concerns were raised about the future of the Whyalla Steelworks, which currently employs 1,100 workers, and we still have the impending closure of Holden as well.
“Treasurer Koutsantonis must extend the small business payroll tax rebate, which is due to be abolished in July this year.
“Businesses need to have confidence in the future so that they can make long-term hiring decisions.
“If we reduce the tax burden on South Australian businesses, owners will have stronger incentives to invest, creating more opportunities for those in search of a job, and more hours for those who already have a job but would like to work more hours.
“To create jobs in South Australia we need to lower taxes and reduce red tape to encourage business investment and economic growth.
“Improving business conditions is the only sustainable means of growing South Australia’s stagnant jobs market.”