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CommSec Report confirms SA needs jobs stimulus now

CommSec’s latest State of the States Report for the October 2015 quarter has highlighted the need for the Weatherill Labor Government to immediately bring forward job-creation measures to stimulate South Australia’s economy. 

The latest CommSec Report ranked South Australia’s economy second to last with Tasmania “showing better momentum”.

The Report also stated that:

“Interestingly South Australia’s 8.0 per cent jobless rate stands at a 15-year high while Tasmania’s 6.2% per cent jobless rate is approaching 4-year lows.”

“South Australia is careering towards double digit unemployment and the Weatherill Labor Government is sitting on their hands,” said State Liberal Leader Steven Marshall.

“Our State needs jobs creation now, not in a few years like the Weatherill Labor Government is talking about.

“The Weatherill Labor Government must immediately:

-       Bring forward planned Stamp Duty relief to take effect this year;

-       Commit to reducing Payroll Tax;

-       Slash Emergency Services Levy bills by reversing the $90 million ESL hike announced in the 2014-15 State Budget;

-       Push ahead with job creating infrastructure such as the Strzelecki Track upgrade; and,

-       Create a state-based Productivity Commission.  

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

“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.”