Australia To Maintain 160,300 Jobs Growth Rate This Year

23 Oct 2015

In recent months, voices were raised for slowing the Australian economy and impact it could have on jobs for overseas workers. But we find the latest labour force data does suggest that opportunities might increase.

The Australian Bureau of Statics does reveal Australian economy is maintaining jobs growth rate significantly above the decade average with 160,300 jobs that are created to date this year, we find the highest number of jobs created during this year, the highest number of jobs created last 9 month period, the economy has seen in the previous five years.

Over the past year, the Australian economy has added 230,100 new jobs. The data also revealed about youth unemployment has fallen by 12800 over the past 12 months, and female employment has rose by 8100 in the month of September 2015 to stand at a record high of 5,427,300.

However, we find employment Michaelia cash has acknowledged that 6.2% the headline employment rate does remain too high.

“The government would focus to increase workforce participation, invest in vital infrastructure, finalize and implement historic free trade agreements. They do assist unemployed back into the workforce through the new job active employment services programme,” says Cash.

The landmark agreement would help in unlocking numerous benefits for Australians for years to come. And adding billions to the economy and drive higher living standards for all Australians, this particular deal would ensure thousands of jobs that are created across all States as well as Territories, added Cash.

With the historic agreement, Australian business would be having unprecedented access to the world’s 2nd largest economy. It also helps in enhancing our competitive position in key areas such as agriculture, resource and energy, manufacturing exports, services and investment. These industries already generate numerous jobs, but importantly these sectors would extraordinary opportunities for future growth.

She has pointed out that dairy industry says the China Free Trade Agreement would create about  600 to 700 jobs in the first year, while other industries such as beef, wine and horticulture would see strong job gains. The financial services council does say that China Agreement might result in the creation of 10,000 new jobs by the year 2030 in the field of financial services.

The resources sector has been playing an instrumental role in delivering prosperity as well as jobs, and this sector would continue to play a significant role in Australian economy for numerous years,” added Cash. To ensure there is continues growth, prosperity and creation of jobs for tomorrow, the diversification of Australia’s economy is important. Trade agreements are fundamental to ensure we play to our strengths and produce the jobs for tomorrow.”

The resource sector has played an instrumental role in delivering prosperity as well as jobs this sector and it would continue to play a significant role in the economy for many, added cash, However, to ensure there is continuous growth, prosperity and creation of jobs for tomorrow the diversification of Australia’s economy is essential. The trade agreements are fundamental to ensure we play our strengths and produce the jobs of tomorrow.

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