South Australia has recorded its lowest workforce participate rate in a decade, according to the latest ABS data released today.
In December, South Australia’s workforce participation rate dropped to 61.3 per cent – this was also the lowest workforce participation rate in the nation.
“This is a worrying trend as it means that South Australians have given up looking for jobs and are leaving the workforce,” said Shadow Employment Minister David Pisoni.
“South Australia’s poor participation rate masks the real number of people hunting for jobs in our stagnant jobs market.
“The Weatherill Labor Government has to become business friendly if we are going to make substantial inroads on South Australia’s 6.5 per cent unemployment rate and return hope to job seekers.
“South Australia also lost 3,700 jobs in December and there are now 3,200 fewer jobs than when Labor promised to create 100,000 new jobs five years ago.
“Today’s data follows data released earlier this week by ANZ that revealed that South Australia recorded the worst newspaper job advertisements of all states and territories in Australia over the last 12 months.
“The Weatherill Labor Government needs to reduce the costs of doing business in South Australia, cut red tape and place a greater focus on exports to increase job opportunities.
“Improving business conditions is the only sustainable means to create jobs and opportunities for South Australians.”