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

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7 December 21, 11:40am A new report from @FrontierEcon finds more natural gas is needed in electricity generation to support growing renew… https://t.co/wkv2lQjg68
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6 December 21, 4:28pm Today's government announcement of five new areas marked for #GHG storage opportunities represents another signific… https://t.co/OPt8jG1wVm
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by APPEALtd
6 December 21, 11:23am Read the full independent report from @ey_australia on the future of the Western Australian #oilandgas industry her… https://t.co/PZubb66zRO
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3 December 21, 3:47pm #Labor’s Powering Australia Plan provides some clarity around how the party plans to meet its emissions reduction t… https://t.co/QcGUT7VlH2
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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%