Tasmania records lowest unemployment rate in a decade

Tasmania's unemployment rate is the second lowest in the nation at 4.5 per cent, according to data released by the Australian Bureau of Statistics on Thursday 15th July 2021.

Source: Matt Maloney The Advocate 19th July 2021 

However, the state's underemployment rate remains stubbornly high at 8.8 per cent - the second highest among Australian jurisdictions. Tasmania's participation rate in June was the lowest in the country at 61.1 per cent.

The nation's unemployment rate was 4.9 per cent last month which was 2.4 percentage points lower compared to June 2020. The underemployment rate was 7.9 per cent.

Acting Premier Jeremy Rockliff said the state's unemployment rate was the lowest it had been in more than 10 years. He said employment in June hit a record high of 262,200 people employed with 2600 jobs added in the month.

"There are now thousands more jobs than before the pandemic," Mr Rockliff said.

"Pleasingly, this growth was underpinned by increases in male, female and full-time jobs, demonstrating our recovery is broad-based across all cohorts.

"But with COVID-19 still an ever-present threat, we know we have to continue generating more opportunities for Tasmanians as we work to secure Tasmania's future."

The unemployment rate for Tasmania women was 5.1 per cent in June and 4 per cent for men.The male unemployment rate had dropped 1.9 percentage points over a month while for women it dropped by 0.3 percentage points.

Treasury in the budget forecast employment growth of about 4500 workers between June 2021 and June 2022.

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