Vic Unemployment Rate Rises Under Brumby
Jun-10-2010
Victoria was the only mainland state to record an increase in unemployment in May, with Australian Bureau of Statistics (ABS) data showing an increase in Victoria's unemployment rate to 5.4 per cent, above the national average of 5.2 percent and further evidence of Victoria's current fragile economic performance.
Shadow Treasurer Kim Wells said John Brumby and his Treasurer had failed to make a dent in the unemployment rate, with Victoria's unemployment rate increasing by 0.1 per cent in May.
Despite a fall in the national rate driven by large falls of 0.5 per cent in both New South Wales and Western Australia and a drop of 0.3 per cent in South Australia, Victoria's unemployment rate has not budged from the 5.3 - 5.4 per cent level now for six months since November last year.
"While there has been some positive jobs growth over this period, there are now 5,000 more Victorians out of work than there were in November," Mr Wells said.
"Under John Brumby's watch, there are 40,200 more Victorians now out of work than there were two years ago - in May 2010, 159,100 Victorians were unemployed compared to 118,900 in May 2008.
"With the recent Sensis Business Index for June 2010 reporting a decline in Victorian small business confidence, sales and profitability, there are worrying clouds on Victoria's economic horizon.
"John Brumby and his Treasurer may boast, but the evidence is clear that they have not taken action to reduce unemployment.
"Victoria's economy and jobs are also under serious threat from Kevin Rudd's mining tax, yet neither John Brumby nor his Treasurer have stood up for Victorian families.
"Prospects are looking increasingly bleak for Victoria's long-term unemployed," Mr Wells said.
Contact Kim:
9 Lynton Place,
Scoresby VIC 3179
• Phone: (03) 9764 8988
• Fax: (03) 9763 9816
• Email: kim.wells@parliament.vic.gov.au
• Website:
www.kimwells.com.au
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