Posted on 04. Jun, 2013 in News

The Napthine Government’s continued failure to invest in Victoria has contributed to more than two years of falling job advertisements, with Victoria the worst of any state in Australia ANZ job advertisement research shows, Shadow Treasurer Tim Pallas said today.

Mr Pallas said Victoria recorded the worst year on year May figures down 45.9 per cent on trend and 44.6 per cent seasonally adjusted data and month to month dropped five per cent.

“Under Mr Napthine’s mismanagement Victoria is again at the bottom of the pack while the ANZ believes ‘the NSW economy is beginning to show some improvement’,” Mr Pallas said.

“The ANZ warned that ‘advertising is very weak in Victoria and Tasmania, consistent with other indicators suggesting these economies are relatively underperforming’.”

Also released today Australian Bureau of Statistics income from goods and services for the March quarter show Victoria went backwards 0.9 per cent with only South Australia and the ACT performing worse.

“This is the worst result since December 2011 for Victoria and second worse since the 2010 election,” Mr Pallas said.

“This puts the average growth in this area over the term of the Napthine Government at 0.6 per cent. Over the last three years of Labor and during the global financial crisis the average was 0.9 per cent.”

Mr Pallas said these are alarming figures and provide further evidence that the no action, no plan Napthine Government continued to hurt business confidence and the Victoria economy.

“The Napthine Government is hurting business confidence by failing to invest in jobs, infrastructure, manufacturing and skills and in doing so the Victorian economy continues to go backwards,” Mr Pallas said.

“Under the Napthine Government, Victoria continues to be the dead-weight of the Australian economy.

“Mr Napthine may not want to work hard to create and protect jobs, but Labor does and that’s why we have developed a jobs and investment plan for Victoria,” he said.

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