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WA unemployment figures now at a record low WESTERN Australia has again set a record low for unemployment at just 3.5 per cent for May 2006.Australia Bureau of Statistics figures show unemployment in the State fell to a new low since the current Labour Force series commenced in 1978. The May figure of 3.5 per cent for was down 0.3 per cent from a revised 3.8 per cent in April. State Premier Alan Carpenter said the outstanding figures followed on from national accounts figures, showing Western Australia's 10.6 per cent economic growth was carrying the nation. "This is the 22nd consecutive month that WA has recorded unemployment figures at or below five per cent," Mr Carpenter said. "There can now be no doubt that WA really is shouldering more than its fair share of economy production for the nation and is firmly set as the jobs capital of the country. "We will not be complacent with this good record. We will continue to develop new opportunities for the future, which will allow us to broaden our economic growth from just the mining boom and the spin-off gained by service and associated industries. "This includes further developing emerging research and biotechnology sectors, which form some of the fastest-growing and most important industries in the world today. "The State Government recognises we need to continue to identify key drivers of the global economy and position the State to take every advantage of them, so we can continue our stellar economic growth and further diversify Western Australia's economic opportunities." Western Australia's participation rate remained the highest of all the States at 67.3 per cent. The Labor Government has been able to create jobs for 140,900 Western Australians since coming into office. |
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