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

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20 March 19, 10:54am Today’s @dailytelegraph: A #gas goldmine exists in regional NSW. Unemployment would be slashed if more gas fields w… https://t.co/CYRm9pOmL2
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by APPEALtd
19 March 19, 10:53am NSW’s only #natgas production in western Sydney is declining, and unless something changes, the state will soon be… https://t.co/z8py4K4SD3
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by APPEALtd
19 March 19, 10:38am NSW relies heavily on a sustainable, affordable supply of #natgas but the state’s politician have failed to grasp t… https://t.co/zefwUwHrEo
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by APPEALtd
5 March 19, 3:09pm #WesternAustralia’s energy security has been further boosted following the start of domestic #gas supply from… https://t.co/BsYPCrSRXn
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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%