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Unemployment fall welcomed

Thu 6 September 2012

Lara Giddings

Premier

The latest ABS jobs figures demonstrate the resilience of the Tasmanian businesses in the face of significant economy challenges.

The Premier, Lara Giddings, today welcomed a decrease in the unemployment rate to 6.8 per cent in trend terms, with 100 net jobs created in the past two months.

"As I have said previously, unemployment is still too high but it is encouraging that the rate has now fallen for four consecutive months, meaning there are now 1200 fewer Tasmanians unemployed," Ms Giddings said.

"In fact, Tasmania was the only state or territory to record an improvement in the trend unemployment rate in August.

"While unemployment rose on the more volatile Seasonally Adjusted measure, this came off the back of an increase in the participation rate and a dramatic increase of 1200 jobs.

"These results follow the Sensis Business Index which showed Tasmanian businesses are the most confident in the nation.

"We know that confidence is the key to creating jobs so this points to better times ahead for Tasmania.  That is in no way a denial of the economic challenges we have faced in recent times."

Ms Giddings said the Liberal Party had dismissed emerging signs of confidence because they did support their campaign of relentless negativity.

"The Liberals want to focus on backwards-looking data rather than dare to acknowledge the resilience and hard work of businesses that are driving our economic recovery.

Today's jobs figures and the Sensis Index have been recorded since the State Final Demand results reported this week.

"Peter Gutwein may think businesses are foolish for having confidence in the future but I am tremendously encouraged by the determination that I regularly encounter amongst business operators.

"By attempting to trample confidence Peter Gutwein and Will Hodgman are putting Tasmanian jobs and investment at risk.

"They should be condemned for embarking on an orchestrated campaign of economic vandalism simply to boost their political stocks.

"In contrast, the State Government will continue to highlight the strengths of the Tasmanian economy and work with the business community to address the weaknesses."