New records revealed in today’s ABS labour force figures show that the Coalition Government’s plan for a stronger economy is working.
A record number of Australians are in work, with seasonally adjusted employment increasing by 39,100 in January 2019, to stand at a record high, of 12,751,800.
Full-time employment is at a record high of 8,743,100, after growing by 65,400 in January 2019, and 236,100 over the year. Full-time employment growth has accounted for 87 per cent of the total increase in employment over the last 12 months.
Encouragingly, female total employment, female full-time employment and the female participation rate have all reached new record highs. Male total employment and male full-time employment are also at record highs.
The gender pay gap has reached a new record low of 14.2 per cent, down from 17.2 per cent under Labor.
Importantly, the unemployment rate has decreased by 0.5 percentage points over the year to 5.0 per cent in January 2019, the equal lowest rate recorded since June 2011.
A total of 1,276,300 jobs have been created since the Coalition Government came into office in 2013.
“Today’s new jobs records show that the Government’s plan for a stronger economy is working,” Minister for Jobs and Industrial Relations, the Hon Kelly O’Dwyer MP said.
“Our approach stands in stark contrast to our opponents. Labor’s only plan for the economy is $200 billion of higher taxes on your retirement, your superannuation, your house, your business and your income.”
“All that Labor’s taxes and job-destroying policies will do is hurt Australians, including many on low and middle incomes, and older Australians.”