The Australian Bureau of Statistics Labour Force figures show the seasonlly adjusted unemployment rate for South Australia in July 2009 increased 0.2 per cent from the previous month to 5.6 per cent.

Statistics show the national unemployment rate for July remained at 5.8 per cent.

Nationwide the participation rate was stagnant at 65.3 per cent, while South Australia's participation rate decreased by 0.1 per cent to 63.2 per cent.

Business SA Chief Executive Officer, Peter Vaughan, said the local economy was feeling the pressure in a challenging environment.

"Local unemployment figures increased to 5.6 per cent, however South Australia's unemployment rate remains below the national average." Mr Vaughan said.

"South Australia now has the lowest rate compared with other mainland States, which confirms the ongoing resilience of the local economy."

"To maintain this status it is essential that there is no undue pressure placed on businesses, and this is why Business SA is currently advocating for a wage freeze in the State wage case."

"The rise in unemployment shows that businesses remain under enormous pressure and this is set to continue in the months ahead."

"This week's economic data has revealed a decline in local retail and export figures, and the strain on businesses to maintain staff levels certainly remains."

"The Government's stimulus package is waning and it is essential that all banks follow the decision of the Reserve Bank to leave interest rates on hold."

"Results from the Commonwealth Bank Business SA Survey of Business Expectations show that more than 80 per cent of businesses were expecting unemployment to increase in the September quarter." 

Mechanical Franchise - UNDER CONTRACT

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Mid Coast Surf Pty Ltd

1.Retail surf shop carrying major surf brands of surfboards,accessories clothing.2.Fiberglass repairs specialty manufacturing of fiberglass products- We have made and repaired waterslides pools, custom automotive panels,raydomes, bench tops, underground fuel tank relining,solar arrays, commercial ice boxes, designer furniture, jacuzzis, kitchen redgum bench topsand more..3. Manufacturing of custom madesurfboards and Surf Life Saving competition rescue boards.4. Import and distibution of our own trademarked surfboards and surf accessories.Two trademarked brands.5. Real estate:Three high value commercial units on major highway included, not leasehold.6.Two Websites: www.midcoastsurf.com.au/ (active) www.kangasurf.com.au/, to go online soon.7. Established 30 years with continuous yearly growth and profitability.