SA continues to languish at the bottom of the economic ladder

CommSec’s State of the States January 2016 report has painted yet another grim picture of the South Australian economy under Premier Weatherill’s watch.

In the latest report, South Australia is now ranked:

  • 7th out of 8 in terms of economic performance;
  • 6th out of 8 in terms of unemployment
  • 8th out of 8 in terms of dwelling starts; and,
  • 6th out of 8 in terms of population growth. 

South Australia continues to have the highest unemployment rate in the nation, and last week, the Sensis Business Index for the December 2015 quarter revealed that South Australia's small business sector has the lowest confidence in the nation.

“South Australians need a fundamental change to create new jobs and boost the economy,” said Shadow Minister for Employment Corey Wingard.

“Premier Weatherill keeps doing the same thing and getting the same results – SA is sitting at the bottom of the ladder with regards to almost every economic indicator.

“The Weatherill Government fails to understand that its tax and spend policies are strangling business investment and jobs growth in South Australia.

“Rather than cutting its cloth to the prevailing conditions the Weatherill Government continues to search for new ways to tax South Australian businesses and households.

"We need to urgently address the crisis of confidence in our small business sector and urgently take action to support businesses to create jobs.

"I again urge the government to adopt the measures outlined in the State Liberals' Jobs Stimulus Plan released last year.”