WA rates highly on State economic data

WESTERN Australia’s unemployment rate is once again the lowest in the country, with figures released by the Australian Bureau of Statistics showing a fall during the past month.

The State unemployment rate was 5.7 per cent in May, down from 5.9 per cent in April and significantly lower then the national average of 6 per cent.

The WA Government pounced on the positive news, which comes in addition to a spate of other positive State economic indicators.

Premier Geoff Gallop said WA was a stand-out State.

“The others are shrinking in confidence and economically stalling while WA is continuing to power ahead,” he said.

Business confidence is at the highest level in more than a year, while job advertisements from the ANZ advertisement survey have jumped by 8.1 per cent.

Employment grew by 4,300 in May but fell just shy of the one million mark, with 981,200 people in jobs.

The Government hopes to increase this by a further 125,000 jobs within the next five years.

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