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

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21 September 18, 12:43pm The oil and #gas industry today welcomed the release of Resources 2030 Task Force report by @mattjcan, highlighting… https://t.co/gRdRW3jhP6
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20 September 18, 2:21pm Anti-development activists ignore the fact #natgas is essential for secure electricity and for making products ever… https://t.co/dtOyAZudSe
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19 September 18, 6:55pm NT Chief Minister @fanniebay says the Northern Territory will be a worldclass #gas hub by 2030 @Gas4NT #ntpol… https://t.co/szOQwMgsuS
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19 September 18, 6:46pm 'Go north' is the strong growth message from NT Chief Minister @fanniebay at the Facing North event at Parliament H… https://t.co/4tdjtCN2KQ
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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%