South Australia’s regional unemployment rate skyrocket to record 14-year high

South Australia’s regional unemployment rate has skyrocketed 25 per cent in the last month, making it the highest rate in 14 years.

Unemployment in regional South Australia has risen from 6.8 per cent to 8.5 per cent in March and accounted for the worst state in Australia.
South Australia Regional Unemployment

Unemployment in regional South Australia has risen from 6.8 per cent to 8.5 per cent in March and accounted for the worst state in Australia.

South Australia’s regional unemployment rate has skyrocketed 25 per cent in the last month, making it the highest rate in 14 years, according to ABS data released last week.

Unemployment in regional South Australia has risen from 6.8 per cent to 8.5 per cent in March and accounted for the worst state in Australia.

Labour Force figures released last week show the state unemployment rate for March at 7.1 per cent, up 0.4 percentage points from February.

However, the national unemployment fell 0.2 percentage points to be 5.8 per cent.

Opposition leader Stephen Marshall said the “catastrophic” job crisis in South Australia fell directly on Premier Jay Weatherill and the Labor Party. Mr Marshall said in March alone, 6,000 full time jobs were lost in regional South Australia.

“Regional Development Australia Geoff Brock must stand up for all regional South Australians and immediately lobby Mr Weatherill and the Labor cabinet for increased funding to support our regions,” Mr Marshall said.

Business South Australia director of policy Rick Cairney said the figures were disappointing, particularly in comparison to the national unemployment rate.

“South Australia’s unemployment rate is now 1.3 percentage points above the national average and demonstrates we are still stuck in the slow lane of state economies,” he said.

Mr Cairney called for immediate government action.

“South Australia cannot rely on a government spending led economic recovery, particularly given our current budget deficit and record net debt.”

Minister for Employment Gail Gago said full time employment remained steady in trend terms,

“It’s important to note that the unemployment rate in recent months has been relatively stable, and this month’s figures should be seen in that context,” she said.

“While we would prefer to see the unemployment rate fall, we will need to see how the trend continues in coming months.”

 ELI GOULD Read More April 29, 2014, 9:30 a.m.

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