Tasmania’s unemployment rate sustains historically low levels

The latest labour market data released today by the ABS shows that Tasmania’s unemployment rate was 4.1 per cent in July 2024, continuing a record period of nearly three years of unemployment below 4.2 per cent.

The figures also show a total of 281,981 Tasmanians employed, including 137,911 women. 

The latest good news in unemployment comes in the same week it was revealed Tasmania’s Wage Price Index showed nation leading growth of 5.1 per cent in the 2023-24 financial year, a full 1 per cent more than the national average of 4.1 per cent.

Treasurer, Michael Ferguson, welcomed the data, “these figures show that Tasmania's jobs market is very strong under the Tasmanian Liberal Government. 

"The July unemployment rate is 3.8 per cent lower than the catastrophic 7.9 per cent it was at the peak of the former Labor-Green Government’s 2013 recession," Mr Ferguson said.

"There are 47,000 more Tasmanians employed today than that dark time, when our young people were leaving the state in their thousands to seek better opportunities. 

“Our 2030 Strong Plan for Tasmania’s Future shows that this Government is focused on what matters – jobs, investment and economic growth.

"Unemployment is at a near-record low level, wages growth is the strongest in the country and we’re also leading the nation in business confidence.”