Posted on 24. Jun, 2013 in News

The Napthine Government claims of a strong economy are in tatters with Australian Bureau of Statistics figures showing more than 50,000 jobs were lost in the May quarter reporting period and housing approvals slumped below NSW for the first time since 2007, Shadow Treasurer, Tim Pallas, said Friday.

Mr Pallas said claims by Premier Denis Napthine and Treasurer Michael O’Brien that the Victorian economy is strong are not backed by the independent ABS statistics figures.

Mr Pallas said the ABS figures show that 50,300 jobs were lost in the construction, retail, manufacturing, wholesale trade, media and telecommunications, professional, scientific and technical services sectors.

Mr Pallas said ABS statistics showed housing approvals were in a slump with recording 3872 approvals in April 2013 compared to 5849 in December 2010 under the former Labor Government.

“These latest ABS figures paint the real picture of the Victorian jobs crisis that the Napthine Government is turning a blind eye to,” Mr Pallas said.

“In the May quarter reporting period Victoria lost 13,500 construction, 13,700 retail, 5200 wholesale trade, 7400 media and telecommunications and 10,500 professional, scientific and technical services jobs.

“These figures don’t take into account the business closures, off-shoring of jobs or recently announced staff reductions by companies in the past three weeks.

“The Napthine Government seems to think that if it says the world is flat enough times Victorians will believe them.

“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.

“Only three years ago Victoria was considered the economic engine room of Australia until the Liberal National Government took office and put the economy to sleep with its ‘do nothing, blame everybody’ approach.

“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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