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SA unemployment rate at 4.8pc

Posted on July 13, 2008, 11:11am and updated on July 14, 2008 at 9:12 am

South Australia recorded a historic high in the numbers of South Australians in work for the 15th consecutive month, with the headline unemployment rate falling to 4.8pc.

Figures released by the Australian Bureau of Statistics for the month of June, show there were a total of 778,400 South Australians in work.

Acting Employment Minister Jane Lomax-Smith says all the employment growth last month was in full-time jobs.

“Full-time jobs rose by 1600 in June, in trend terms, to reach a total of 541,500,” she said.

However, South Australia’s jobless rate was the highest in Australia. The national figure was 4.2pc.

Federal Treasurer Wayne Swan said the jobs data gave reason to be optimistic about Australia’s economic prospects.

“Given the global credit crunch, given the global oil shock, these figures are very welcomed figures indeed,” Mr Swan told reporters.

“These figures today reflect that the Australian economy is continuing to grow.”

The Australian Bureau of Statistics figures show the number of people employed jumped by a seasonally adjusted 29,800 in June, with full-time employment rising by 24,000.

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