Unemployment hits 12-year high. Now is not the time to be saying no to new projects & investment.

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18 July 19, 4:02pm The @IEA highlights the vital contribution #natgas is playing to reduce global emissions, particularly in #Asian na… https://t.co/WQIIxym3Lf
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by APPEALtd
15 July 19, 2:37pm The #oilandgas sector says the #WA Government’s implementation plan for the independent hydraulic fracturing inquir… https://t.co/4QTwMVKalH
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by APPEALtd
11 July 19, 2:02pm Australia’s #oilandgas industry welcomes another new domestic #natgas supply agreement to support manufacturing.… https://t.co/vzqk4rcMqS
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by APPEALtd
11 July 19, 9:43am Watch @APPEALtd chief executive Andrew McConville discuss #natgas policy on @abcnews The Business program with… https://t.co/HEICWC0Qpt
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by APPEALtd

New figures show Australia’s unemployment rate has shot to its highest in 12 years, on the back of the biggest single monthly rise since 1990.

Youth unemployment has gone past 20%, while our national unemployment rate is worse than that of the United States for the first time since early 2007.

Now is not the time to be saying no to new oil and gas projects in Australia.

The Australian petroleum industry is currently building $200 billion worth of new projects; an investment that has already delivered more than 100,000 jobs across the Australian economy.

Yet the industry can do more still. There are tens of billions worth of projects under consideration, that could deliver thousands of new Australian jobs.

UNEMPLOYMENT RATES

June 2014 July 2014
National 6.1% 6.4%
WA 5.0% 5.2%
NSW 5.7% 5.9%
Queensland 6.3% 6.8%
Victoria 6.3% 7.0%
SA 7.3% 7.2%
Tasmania 7.3% 7.6%