South Australia’s unemployment crisis continues unabated with the latest ABS seasonally adjusted data showing the loss of 8,400 jobs in the month of September.
Indeed South Australia (- 8,400) lost more jobs than the rest of the Australia (-5,100) during the month of September and this is before the recent job losses at Alinta and Santos are factored in.
"Unfortunately South Australia remains the State of Unemployment on both trend figures (8.00 per cent) and seasonally adjusted (7.7 per cent)," said Shadow Minister for Employment David Pisoni.
"Whichever set of figures are used South Australia has an unemployment rate that is 1.5 per cent higher than the national average and 1.7 per cent higher than Tasmania.
"It is also particularly worrying that the labour force participation rate in South Australia collapsed to 61.7 per cent in the month of September, down almost a full per cent in just one month.
"South Australia’s disastrous unemployment rate has seen people give up looking for work.
"There are now 3,230 fewer South Australians employed than at the time the Labor Government promised to create 100,000 new jobs.
"South Australia is stuck in an economic rut and the Weatherill Government is clueless as to how to lead us out of it.
"Introducing new land taxes on the family home – as outlined in the Government’s tax reform paper released yesterday – will also do nothing for business confidence in South Australia.
"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."