Federal Government data showing the number of online job vacancies fell over the year to July 2014 is yet another disturbing sign that the South Australian economy is on life support.
The Department of Employment Internet Vacancy Index shows that in seasonally adjusted terms South Australia suffered a drop of 1.00 per cent over the year to July 2014, the worst result in the country, and had just 7,598 vacancies advertised on the internet.
During the same period the national number of internet job vacancies grew by 10 per cent with 184, 606 vacancies advertised nationally.
“South Australia desperately needs a change of direction in State Government policy if we are to pull out of the vicious circle of growing unemployment leading to lower economic growth producing deeper unemployment,” said Shadow Treasurer Rob Lucas.
“These internet job figures mirror ABS unemployment data that has been trending upwards for 23 consecutive months and. In fact, South Australia’s 7.1 per cent trend unemployment rate is at its highest level in more than 12 years.
“Under the Weatherill Labor Government, South Australia has the highest taxes in the nation, the worst performing workers’ compensation scheme in the nation and low consumer and business confidence.”