MORE THAN 700,000 NEW JOBS CREATED UNDER THE ALBANESE LABOR GOVERNMENT
Under the Albanese Labor Government, the unemployment rate continues to have a ‘3’ in front of it, wages growth has a ‘4’ in front of it and more than 700,000 new jobs have been created.
Today’s ABS Labour Force Figures show the unemployment rate remains at historic lows – coming in at 3.9 per cent.
2023 is the first year – since the ABS started recording monthly employment figures – where every unemployment figure has come in below 4 per cent.
The figures show, in November, employment increased by 61,500 – exceeding all market expectations.
Importantly, 93 per cent of that was full-time employment, which rose by 57,000 to stand at a new record high of 9,905,900.
The participation rate increased 0.2 per cent to an all-time high of 67.2 per cent.
The female participation rate stood at an equal record high of 62.9 per cent.
This Government has created more jobs than any other first term government on record, and we’re only halfway through the term.
More Australians are working.
More Australians are working in secure jobs.
Working Australians are being better paid.
The Albanese Labor Government changed the law last year to better fund early childhood education, to improve flexibility in work and to close the gender pay gap.
The gender pay gap is now at its lowest level ever.
Female participation is at a record high.
The number of women in jobs is at a record high.
This is the Albanese Labor Government’s policies working for Australia.
We understand Australians are doing it tough and our economy is slowing – that’s why we are rolling out tens of billions of dollars in cost-of-living relief, fixing the budget, and making welcome and encouraging progress in the fight against inflation.
It’s also why we’re doing everything we can to get wages moving.
That’s why the Government passed its Secure Jobs, Better Pay legislation last year – to get wages moving again and improve conditions for workers.
That’s why we passed our Closing Loopholes legislation through Parliament last week – to stop the underpayment of workers and improve safety in workplaces.
Stopping the underpayment of workers is key to getting wages moving.
And wages are moving again, after a decade where they were kept deliberately low by the previous government.
The latest Wage Price Index shows wages growing at 4 per cent.
This is the highest wage growth since 2009 and the highest ever quarterly growth in the history of the Wage Price Index.
Importantly we’ve also now seen two consecutive quarters of real wage increases.
Peter Dutton and the Coalition spent a decade in government deliberately keeping wages low.
They might be in Opposition now, but they’re still committed to keeping wages low.
It’s why they said:
“No” to backing workers on the minimum wage.
“No” to backing workers on awards.
“No” to a 15 per cent pay rise for aged care workers.
“No” to the Government’s Secure Jobs, Better Pay laws.
“No” to our Closing Loopholes laws.
Peter Dutton and the Opposition have now voted 36 times against legislation to get wages moving.
ENDS