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Media release – Peter Gutwein, Premier, 18 February 2021 Jobs back to pre-pandemic levels Today’s ABS Labour Force data has once again confirmed the strength in our economic recovery with employment now back to pre-pandemic levels, similar to January last year, and the lowest unemployment rate of any State. Three thousand Tasmanians returned to work […]

Media release – Peter Gutwein, Premier, 18 February 2021

Jobs back to pre-pandemic levels

Today’s ABS Labour Force data has once again confirmed the strength in our economic recovery with employment now back to pre-pandemic levels, similar to January last year, and the lowest unemployment rate of any State.

Three thousand Tasmanians returned to work in January with the number of jobs growing by 1.2 per cent, the second highest monthly growth rate in the country, and higher than national growth.

Of the 257,100 jobs in Tasmania right now, there are almost 4000 more full-time jobs than January last year, and pleasingly of this increase, around 1000 of these are female full-time jobs.

Importantly, our unemployment rate fell significantly by over 1 percentage point in the month, and at 5.9 per cent is now the lowest of all the states, and has returned to levels seen in January last year.

More Tasmanians returning to work means our economy will continue to grow and recover, underpinned by growing consumer and business confidence, retail trade, and housing investment across the State supported by our successful HomeBuilder program.

These results do not happen by accident and are evidence that our Plan is clearly working. But we know we have more to do. That’s why we will continue to focus on growing our economy while managing this pandemic and getting more Tasmanians back into work as we rebuild a stronger Tasmania.


Media release – David O’Byrne MP, Shadow Treasurer, 18 February 2021

Some welcome jobs figures but regional Tasmania doing it tough

Tasmanian Labor welcomes the latest jobs figures showing some strong areas of employment growth for our state.

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The number of jobs created in the past month is very encouraging and offers hope to Tasmanian workers relying on our economy to recover from the COVID downturn.

Shadow Treasurer David O’Byrne said the reduction in youth unemployment is particularly welcome but we must not forget that more than 14 percent of young Tasmanians are still without work.

“That why Labor’s plan for jobs focuses so strongly on creating training and work opportunities for young Tasmanians,” Mr O’Byrne said.

“With the lowest participation rate in the country it’s of serious concern that fewer Tasmanians are engaged in the jobs market and have given up looking for work.

“We also have the worst under-employment rate in the country and unfortunately, the picture in regional Tasmania is not at all rosy.”

Some of Tasmania’s regional communities have suffered catastrophic job losses over the past year – the southern regions have been hardest hit, recording Australia’s biggest drop in job numbers.

“Across the southeast of the state more than 1,500 people have lost their jobs in the past year,” Mr O’Byrne said.

“Now is not the time to be complacent, we still have many workers on JobKeeper and the stimulus packages are only temporary.

“Now is the time to invest in Labor’s jobs plan, to diversify the Tasmanian economy to ensure we are prepared for the challenges ahead.”

Source: Tasmanian Times https://www.tasmaniantimes.com/2021/02/latest-jobs-figures/#utm_source=rss&utm_medium=rss&utm_campaign=latest-jobs-figures

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Finance Advice 2021