Today’s Australian Bureau of Statistics data for underemployment is a stark reminder of how deep South Australia’s job crisis is and just how many people are shut out of the jobs market.
South Australia has an 8.0 per cent underemployment rate to go with an unemployment rate of 6.8 per cent which means 123,000 people are either looking for a job or want to work longer hours.
“South Australia’s disastrous rates of unemployment and underemployment are the highest on the mainland and are a terrible price to pay for the Weatherill Government’s failed economic policies,” said Shadow Minister for Education David Pisoni.
“Thanks to the Weatherill Government’s job killing policies 14.6 per cent of South Australian workers don’t have a job or want to work longer hours.
“The ABS figures released today show that in South Australia there are 2.8 million additional hours of work wanted every week by unemployed and underemployed workers.
“Unfortunately ANZs Jobs Data released yesterday indicates the situation is going to get a great deal worse before it gets better.
“According to ANZ Job Ads data South Australia experienced a staggering 36 per cent drop off in job vacancy rates in June alone.
“In the last 12 months, the number of weekly newspaper job ads fell by a disturbing 38 per cent – the worst of all states.
“Since last year’s budget almost 20,000 jobs have disappeared from South Australia as jobs and opportunity flee the state.
“Since the Labor Government promised 100,000 new jobs in 2010 South Australia has actually 800 fewer jobs and extra 18,000 unemployed.
“South Australia’s jobless rate has risen from 4.8 per cent to 6.8 per cent since Labor made its 100,000 jobs promise,” said Mr Pisoni.