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

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30 July 20, 3:10pm Watch a video by APPEA's Chief Executive @sententia_gas about the #oilandgas industry's response to the interim rep… https://t.co/ESoDpAY88Z
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by APPEALtd
29 July 20, 10:17am In today's @australian, @APPEALtd Chief Executive @sententia_gas says the #oilandgas industry will be a central par… https://t.co/fbjzhuVqIj
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by APPEALtd
22 July 20, 1:56pm Australia’s #oilandgas sector is doing its bit for #regional Australia. Today’s @sententia_gas joined @RegionalAus… https://t.co/yBefzw8ktA
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by APPEALtd
22 July 20, 12:40pm Latest @AEMO_Media data confirms #natgas prices are lowest since end 2015 and have continuously fallen in recent ye… https://t.co/4sJC7Ct8Ws
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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%