NO NAPTHINE JOBS PLAN + $8 B DUD TUNNEL = NO JOB GROWTH

Posted on 10. Oct, 2013 in News

Victoria’s youth unemployment rate made a startling increase last month amid a continued lacklustre employment performance in Victoria, Acting Shadow Minister for Employment, James Merlino, said today.

Mr Merlino said that Australian Bureau of Statistics figures released today show the youth unemployment rate increased by more than four percentage points in September, from 16.4 per cent to 20.8 per cent, with only the ACT and Tasmania seeing higher rates.

In addition the youth participation rate is a meagre 50.3 per cent, the second worst in the country.

“Victoria should have the education and economic opportunities to lead the country for work and participation for young people but once again the state has fallen behind the pack,” Mr Merlino said.

“We are not doing as well as we should on any measure.

“While Australia’s jobless rate fell again this month, Victoria’s unemployment rate has increased since last month from 5.7 per cent to 5.8 per cent, bringing it above the national average of 5.6 per cent.”

Mr Merlino said there are now 32,400 more unemployed Victorians than when the Coalition took office.

“The proportion of Victorians who do not have enough work increased from 8.1 per cent to 8.5 per cent. Less than a quarter of the jobs that have been created in the nearly three years the Coalition has been in office have been full time,” he said.

“At the same time, more Victorians gave up on finding work, as the participation rate fell from 64.8 per cent to 64.6 per cent. This is below the national rate of 64.9 per cent.

“Young people and part time employees are finding it increasingly difficult to break into more secure forms of employment.

“In June this year the Treasurer told the Parliament that any good news about jobs in Victoria should be attributed to confidence in the Coalition Government’s so-called economic strategy.

“In that case he should attribute our worsening youth unemployment, lengthening unemployment lines and less secure jobs to the Coalition’s strategy of cutting education funding and pouring state finances into a $8 billion dud tunnel.”

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