Jobless rate steady in SA

Submitted 15/12/2008

AAP

 

South Australia's labour market was proving resilient in the face of the global economic downturn, Employment Minister Paul Caica said today. The jobless rate in SA in November remained stable at 5.3 per cent despite an increase in the number of people looking for work. Figures showed there were 1000 more people employed last month taking total jobs to a record 785,900. Mr Caica said the fact that unemployment remained stable in November was encouraging.

Although he conceded a downturn in the labour market was likely in the near future. "We must accept that South Australia is not immune from the effects of the global financial crisis and that forward indicators suggest that labour market activity in both South Australia and Australia will moderate over coming months," the minister said. Mr Caica said 95,500 new jobs had been created in SA since the Labor Government came to office in 2002. -- AAP