South Australia still has the highest unemployment, underemployment and underutilisation rate in the nation according to the latest unemployment data released today.
While South Australia’s seasonally adjusted unemployment rate dropped slightly in March, the trend rate remained the same at 7.2 per cent.
In fact, South Australia’s trend unemployment rate has remained at 7.2 per cent since December last year.
While South Australia still has the highest unemployment rate in the nation, we also have the highest underemployment ratio and underutilisation rate in the nation.
78,000 South Australians identified as being underemployed in March – an increase of 11.2 per cent compared with the corresponding period 12 months ago.
South Australia’s underutilisation rate is 16.1 per cent – this is an increase from 14.7 per cent 12 months ago.
“It is concerning that our trend unemployment rate has remained the same since November last year,” said Shadow Minister for Employment Corey Wingard.
“The South Australian economy continues to face a number of challenges, including the closure of Holden and Alinta, and the potential closure of the Arrium Whyalla steelworks.
“In the ‘2036’ plan released by State Liberal Leader Steven Marshall last month, we outlined our plan to grow the economy through:
- Reducing the tax burden on businesses and households;
- Cutting red tape and unnecessary regulation;
- Supporting export businesses and encouraging their growth;
- Fostering entrepreneurialism;
- Investing in productive infrastructure; and,
Supporting growth opportunities for our regional businesses and industries.”