ANZ’s Stateometer has confirmed that under the Hodgman Government the economy is growing at “above trend” rates.
Primarily, this is being driven by strong jobs growth.
The Hodgman Government has worked hard to support business and create the conditions for job creation and investment and this is yet another report that confirms we are on the right track.
The Stateometer report says:
“Tasmania’s economy has re-emerged with higher momentum and the ANZ Stateometer suggests above-trend growth in for the June quarter. The main contributor to the Tasmanian index this quarter was an improved labour market; while trade remained positive.”
It goes on to say that:
“A number of economic indicators suggest Tasmania’s economy has found some renewed momentum. Employment growth at 4% over the year to July was the highest in around two-and-a-half years. The labour force participation rate at 61.2% was also the highest over that period suggesting more Tasmanians have become engaged in the labour market due to improved job opportunities.”
This is a strong result for Tasmania.
Under Labor and the Greens, the economy was in recession, 10,000 people lost their jobs and the budget was a complete mess.
Under the Hodgman Government, over 11,000 jobs have been created and reports like this show that the economy is in a strong position.
But we know that this isn’t as good as it gets; far from it. We know that not everyone is feeling the benefits of the stronger economy, so now, we’re focused on building your future.
At the heart of our Plan to Build Your Future is our commitment to deliver a stronger economy and create even more jobs and we have the track record to show that we can and will achieve that target.