Unemployment Rate remains at historic lows under the Albanese Labor Government
Under the Albanese Labor Government there are more people in jobs, they’re earning more – and with our tax plan, they’ll keep more of what they earn.
Today’s ABS Labour Force Figures shows unemployment remains at historic lows, coming in at 3.8 per cent.
Importantly, the figures show full-time employment increased to reach a record all-time high.
More than 780,000 new jobs have been created since the Albanese Labor Government came to office.
Today’s figures show slight labour market softening as expected, but overall resilience remains.
This comes after exceptionally strong jobs growth in the previous month.
Under the previous government unemployment averaged 5.6 per cent.
And we haven’t just seen record jobs growth.
Wages are finally moving again after a wasted decade.
There have been three consecutive quarters of real wage growth – with wages now growing at 4.2 per cent – the highest rate in 15 years.
We know that people are doing it tough right now dealing with the cost of living. Getting wages moving again is key to helping people get in front.
The Albanese Labor Government wants Australians to earn more and keep more of what they earn.
People are now earning more because we’ve changed workplace laws, and they’ll keep more of what they earn because of Labor’s tax cuts.
That stands in stark contrast to Peter Dutton and the Opposition – who want Australians to work longer for less.
Quote attributable to the Minister for Skills and Training, Brendan O’Connor:
“More jobs have been created under the Albanese Labor Government, than any other first term government on record.
“Our government wants people to earn more and keep more of what they earn.
“We want to make sure that we continue to deliver for Australians, including easing cost of living pressures where we can, including Labor’s tax cuts from July 1.”