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

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22 October 20, 3:24pm APPEA congratulates Premier @MarkMcGowanMP and @WAGovernment for releasing a new Jobs and Skills portal - an impor… https://t.co/F6uIThSRCI
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by APPEALtd
20 October 20, 9:35am The Energy and Mining Strategy from @DEM_sagov highlights the important role the industry continues to play in Sout… https://t.co/HTboML191d
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by APPEALtd
19 October 20, 9:14am Chinchilla's #natgas industry continues to rise following #COVID19 pandemic, as reported by @DalbyHerald in regiona… https://t.co/3in5Wf5NXu
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by APPEALtd
15 October 20, 8:45am #Natgas development is vital for regional communities across Australia, says APPEA Chief Executive @sententia_gas i… https://t.co/enRUAXNzT7
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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%