Labour force figures released today by the ABS confirm a 48-year low of 3.9 per cent unemployment for the month of April 2022.
More Australians are in work now than ever before.
This is what a strong economy looks like under a Liberal Government.
Even in the face of global shocks like the war in Europe, Australia’s economy has remained resilient. We need to keep the strong economic management going. Now is not the time to risk our economy on an opposition that has no plan and makes things up on the run.
Today’s figures are a reminder of the clear choice at the Federal Election. A choice between the Morrison Government that is building a strong economy and a stronger future or a Labor Party that would weaken our economy.
A choice between a long-term economic plan delivered by an experienced and tested team or a Labor leader who continues to lie about his own economic credentials, has no economic plan and would put our economic recovery at risk.
The Liberals have also announced a plan to deliver an additional 1.3 million new jobs. Under our plan, we will:
- Create another 1.3 million jobs over the next five years;
- Back small businesses with tax incentives to upskill and train their employees;
- Ensure Australians have the skills they need through new funding to support 800,000 new training positions;
- Train the next generation of apprentices with additional incentives, including $5,000 payments to new apprentices and incentives for employers; and
- Back jobs across Australia through our record $120 billion infrastructure pipeline.
Today’s strong economic data contrasts with Labor’s track record in Government. When Labor last came to office, the jobless rate was a little over 4 per cent. When they left government six years later, unemployment was 5.7 per cent and rising and there were 54,600 fewer young people with jobs.
That is what a weak economy looks like.
By working together and following our strong economic plan, Australia’s recovery is leading the world.
Let’s not turn back now.
| COALITION | LABOR |
| Unemployment rate3.9 per cent (Apr-22) | Unemployment rate5.7 per cent (Sep 13) |
| Youth unemployment rate8.8 per cent (Apr-22) | Youth unemployment rate12.7 per cent (Sep-13) |
| Underemployment rate6.1 per cent (Apr-22) | Underemployment rate7.4 per cent (Sep-13) |
| Economic GrowthThe economy is forecast to grow by 4.25 per cent in 2021-22 | Economic Growth2.1 per cent when Labor left office |
| ApprenticesA record 220,000 trade apprentices in training | ApprenticesIn 2012-13, the number of apprentices and trainees in training collapsed by 110,000 – the largest decline on record. |