Research released by ANZ into the number of newspaper job advertisements in South Australia paints a bleak picture for the unemployed in South Australia.
The latest ANZ jobs data shows South Australia recorded the largest fall in newspaper job advertisements of all states and territories in Australia during the last 12 months with a 60.9 per cent decline.
“It is extremely concerning that the jobs market in South Australia is shrinking before the closure of Holden and its flow on effect into the car component industry,” said Shadow Minister for Employment, Skills and Training David Pisoni.
“The latest ANZ jobs data shows there were just 150 newspaper job advertisements per week in South Australia in March.
“Even Tasmania generated more newspaper job advertisements per week in March with 183. “Indeed only the ACT - with a population of just 380,000 – had fewer newspaper job advertisements than SA with 107 per week during March.
“Unfortunately the Weatherill Government is bereft of ideas as to how to generate employment growth in the struggling South Australian economy. “There are now fewer South Australians in jobs than when Labor promised to create 100,000 new jobs five years ago.
“These figures show that whilst other states might be struggling South Australia has slipped even further behind the rest of the country.
“To create jobs in South Australia we need to lower taxes and reduce red tape to encourage business investment and economic growth.
“Unless we improve business conditions in South Australia by lowering taxes, reducing red tape and encouraging export growth, South Australian businesses will continue to struggle.
“Right now, there is no light at the end of the tunnel for South Australia’s growing queues of unemployed and underemployed workers.”