How exciting! This is great news for the Tasmanian economy, tough for employers, but great news nevertheless.
The ABS released the job figures this morning. The trend unemployment rate for Tasmania has decreased to 4.1% from 4.2% last month and is now lower than the national unemployment rate of 4.2%.
Around 1,500 more people are employed in Tasmania this month than last month (1,200 of them full time).
There has been an increase in the participation rate to 62.4 (from 62.1 in July 2008). This equates to around 1,500 people more people participating in the labour market than in July 2008.
The number of unemployed people decreased by around 100 persons to 10,300.
This is great news as I have said and we can all be very proud that our state is performing well above our weight.
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