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SA ranked second-to-last in CommSec Report

South Australia has been ranked 7th out of 8 according to CommSec’s assessment of the state of the states overall economic performance in the July 2015 quarter.

South Australia ranked last on unemployment and construction work, with CommSec noting that:

“There is little to separate the South Australian and Tasmanian economies in the performance rankings.”

Last month, South Australia recorded an unemployment rate of 8.2 per cent – the highest in the nation.

NAB’s latest Monthly Business Survey released last week also revealed that South Australia has the lowest level of business confidence in Australia.

“South Australia is in the midst of a dangerous jobs crisis and is careering towards double digit unemployment,” said Shadow Treasurer Rob Lucas.

“It is becoming clearer every day that South Australia needs jobs creation now, not in a few years like the Weatherill Labor Government is talking about.

“It’s time for the Weatherill Labor Government to swallow its pride and start adopting the job creating measures proposed by the State Liberals.”

The State Liberals have proposed:

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

-       Committing to reducing Payroll Tax;

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

-       Commencing building the Northern Connector road;

-       Finalising an investigation regarding the Strzelecki Track upgrade; and,

-       Creating a state-based Productivity Commission.

“Mr Weatherill has taken his hands off the wheel and South Australian families and businesses are paying the price,” said Mr Lucas.