InDaily

Adelaide's independent news

Support

SA records nation's largest drop in unemployment

Business

South Australia and New South Wales have recorded the nation’s highest drops in unemployment in November.

Comments
Comments Print article

SA’s unemployment rate, seasonally adjusted, fell 0.3 per cent, down from 7.6 per cent in October, the third consecutive monthly drop.

It’s the lowest jobless rate for the state since April this year when SA recorded 7.3 per cent.

The lowest rate recorded this year was March when unemployment dropped to 6.5 per cent.

However, these figures have been tempered by the state registering the largest “underutilised” rate in the country at 18.2 per cent, well above the national average at 14.3 per cent. This rate measures the unemployed and those who want more employment.

SA also had the highest underemployed rate – people employed part-time who want to work more hours and are available to start – in the country at 10.9 per cent.

The latest employment figures released today by the Australian Bureau of Statistics recorded 63,900 South Australians out of work.

Australia’s unemployment rate fell 1 per cent to 5.8 per cent.

The largest unemployment increase was in Victoria which jumped 0.6 percentage points.

However, South Australia still has the worst unemployment rate of all the states and territories.

The more stable trend rate dropped marginally from 7.6 to 7.5 per cent.

Unemployment rates

Employment, Higher Education and Skills Minister Gail Gago said that while she welcomed the drop, the State Government was acutely aware of the conditions facing the state.

“It’s reassuring that the unemployment rate in South Australia has declined for the third consecutive month and it reinforces that efforts we are making as a Government are increasing people’s chances of finding work,” Gago said.

“Pleasingly, there are now almost 6,000 more people employed in South Australia than at the start of the year and employment has increased for both full-time and part-time jobs over the month.

Gago pointed out that the unemployment rate for young people had decreased from 15.7 to 14.7 per cent.

We value local independent journalism. We hope you do too.

InDaily provides valuable, local independent journalism in South Australia. As a news organisation it offers an alternative to The Advertiser, a different voice and a closer look at what is happening in our city and state for free. Any contribution to help fund our work is appreciated. Please click below to become an InDaily supporter.

Powered by PressPatron

Comments

Show comments Hide comments
Will my comment be published? Read the guidelines.

More Business stories

Loading next article

Subscribe to InDaily – it’s free!

South Australia’s locally owned, independent source of digital news.

Subscribe now and go in the monthly draw* for your chance to WIN a $100 voucher!

Subscribe free here

*Terms and conditions apply

Welcome back!

Did you know it’s FREE to subscribe?

Subscribe now and go in the monthly draw* for your chance to WIN a $100 voucher!

Subscribe

*Terms and conditions apply