Unemployment in NSW at a record low
The NSW unemployment rate has reached a record low for the third time this year, falling 0.7 percentage points to 3.3 per cent in June.
It is the State’s lowest monthly unemployment rate since current records began in 1978. About 26,000 extra people were employed in jobs in June in NSW and hours worked in NSW also rose by 1 per cent.
Treasurer Matt Kean said these outstanding figures are the result of the NSW Government’s strong economic management and show the underlying strength of the State’s economy after more than $53 billion was committed for COVID-19 support and stimulus since March 2020.
“NSW has done it again. Three record low unemployment rates this year despite the challenges of floods and ongoing COVID outbreaks,” Mr Kean said.
“The NSW Government’s tailored support measures throughout bushfires, floods and COVID outbreaks are helping NSW achieve a jobs boom.
“The NSW labour market is in a very strong position and our record low unemployment rate of 3.3 per cent is well below the national rate.”
Mr Kean said the unemployment rate underscores the importance of enabling every person who wants to work to be able to do so.
“That’s why our Budget included $5 billion over 10 years to fund affordable, accessible childcare to unlock the potential for more women to participate in the workforce,” Mr Kean said.
The reforms would enable up to 95,000 more women to enter the workforce or take on more hours by 2032-33.
Employment in NSW is now 158,600 above its pre-COVID level and 117,300 above its pre-Delta level.
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