Historic Job Creation Under Albanese Labor Government
The Albanese Labor Government has achieved a remarkable milestone, creating nearly one million jobs. This accomplishment is unparalleled, with the Albanese government having created more jobs in a single parliamentary term than any previous government.
The latest Australian Bureau of Statistics (ABS) Labour Force figures reveal an additional 50,200 people found employment in the past month alone. Despite a slight rise in the unemployment rate to 4.1 per cent, it remains close to historic lows.
Under the former coalition government, the unemployment rate averaged 5.6 per cent, highlighting the significant improvement.
Full-time employment has seen a substantial increase, rising by 43,300 in June to reach a record high of 9,944,200. This marks a year-on-year increase of 122,100 full-time jobs, with full-time employment accounting for around 60 percent of job growth during this term.
Part-time employment has also reached new heights, increasing by 6,800 in June to stand at 4,461,800. Total and full-time employment reached record highs for both men and women in June 2024. These figures reflect the positive impact of the government’s policies on the Australian workforce.
While inflation is lower and real wages are experiencing annual growth, we recognise that many Australians are still facing significant cost-of-living pressures. The Albanese Labor Government remains committed to providing meaningful relief to ensure Australians can earn more and keep more of what they earn.
In the recent Budget, we introduced measures aimed at easing cost-of-living pressures, including: Labor’s tax cuts for every Australian taxpayer – not just some; $300 energy bill relief for every Australian household and $325 for small businesses; a freeze on the cost of PBS medicines for every Australian; more funding to build more homes in every part of the country. This is alongside cheaper child care, fee-free TAFE, and the biggest investment ever in expanding bulkbilling, supporting more Australians.
Our policies are designed to provide substantial relief, ensuring that Australians have greater financial stability and security. In contrast, Peter Dutton’s approach would see Australians working longer hours for less pay.
Our government’s focus is on creating jobs, supporting workers, and building a stronger, fairer economy.
