South Australia’s unenviable unemployment and underemployment

New Australian Bureau of Statistics (ABS) data has revealed that South Australia has the highest rate of unemployment and underemployment in the nation.

“A profound policy failure by the Weatherill Government has left South Australia languishing behind the rest of the country with an unemployment rate of 7.3 per cent and an underemployment rate of 11.7 per cent,” said Shadow Minister for Employment David Pisoni.

“The Weatherill Government’s economically illiterate policies have left 63,900 South Australians without work and 95,000 South Australians looking for more work.

“14 years of Labor Government has resulted in almost 159,000 South Australians locked out of working more hours.

“Under the Weatherill Labor Government South Australia has had the worst unemployment rate in the country for the past 12 months.

“There have been just 9,350 jobs created since Labor promised to create 100,000 new jobs by 2016.

“South Australia is stuck in an economic rut and the Weatherill Government is clueless as to how to lead us out of it.

“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.

“Upping the GST to 15 per cent and extending its base would have a sledgehammer effect on South Australia’s ailing economy.

“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.

“The fact that the Weatherill Labor Government is talking about increasing taxes shows just how out of touch they are with South Australian families and businesses.”