Friday, January 20, 2017

Jobs – Victoria '100 times better than NSW'

New official statistics show that the nation as a whole had a net gain of 91,500 jobs, as the winding down of the mining boom continued to dampen the economy. But Victoria bucked the trend, creating 118,500 new jobs.

"Victoria's population is growing rapidly, so it's a virtuous cycle: its employment is going up because its population is going up and its population is going up because its employment is going up, and vice versa," said Deloitte Access Economics director Chris Richardson.NAB economist Tapas Strickland said Victoria was swinging the national numbers.

"Victoria's strong growth could be argued to be masking what's going on in the rest of the country," he said.

Acting Victorian Treasurer Robin Scott said the government's infrastructure pipeline and "sound financial management" had reaped rewards for the economy.

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