{"id":281604,"date":"2025-11-13T11:10:10","date_gmt":"2025-11-13T11:10:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/281604\/"},"modified":"2025-11-13T11:10:10","modified_gmt":"2025-11-13T11:10:10","slug":"victorias-unemployment-rate-the-worst-in-the-nation-according-to-new-abs-figures","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/281604\/","title":{"rendered":"Victoria’s unemployment rate the worst in the nation according to new ABS figures"},"content":{"rendered":"

Victoria\u2019s unemployment rate has remained the worst in the nation, with new figures showing there are now 187,000 Victorians out of work.<\/p>\n

The latest ABS statistics, released on Thursday, show Victoria\u2019s unemployment rate at 4.7 per cent, with the Australia-wide rate remaining steady at 4.4 per cent.<\/p>\n

Tasmania had the lowest unemployment rate at 4 per cent, with Queensland and WA both sitting at 4.2 per cent, NSW and the ACT on 4.3 per cent, South Australia on 4.5 per cent and the Northern Territory on 4.6 per cent.<\/p>\n

The new figures come just days after the Business Council of Australia ranked Victoria the worst place to do business in Australia<\/a>.<\/p>\n

The BCA\u2019s Regulation Rumble 2025 report evaluated Australia\u2019s eight states and territories across 10 metrics, with Victoria finishing last overall due to uncompetitive land tax and stamp duty rates, licensing requirements to do business, and payroll tax.<\/p>\n

Shadow treasurer Jess Wilson said the high unemployment rate was a direct result of the Allan government\u2019s economic mismanagement \u2013 which has also resulted in net debt growing by $2 million every hour.<\/p>\n

\u201cVictoria\u2019s high unemployment rate is a direct consequence of Labor\u2019s ever-increasing taxes and burdensome red tape that continues to stifle economic growth and opportunity,\u201d Ms Wilson said.<\/p>\n

\u201cMonth, after month, after month under Labor, Victoria\u2019s unemployment rate remains stubbornly higher than comparable interstate economies and the national average.\u201d<\/p>\n

She said it would take a change of government to restore the state\u2019s reputation as an attractive investment destination, pledging a Liberal and Nationals government would do this by \u201ccutting taxes and restoring proper financial management.\u201d \u00a0\u00a0<\/p>\n

Speaking to Sky News Australia on Tuesday, BCA boss Bran Black said while Victoria had improved its planning system, the government had \u201ca lot of work that it needs to do in terms of its costs and its regulatory settings.\u201d<\/p>\n

\u201cThe figures speak for themselves: In 17 of the last 18 months, Victoria has led the country in relation to unemployment.<\/p>\n

\u201cAnd if you look at business investment up until June of this year, which is the most recent metric that we’ve got, Victoria went back 1.5 per cent against the national average of moving forward point six of a per cent.\u201d<\/p>\n

However Premier Allan rejected the findings, telling reporters the BCA had \u201ca record of not understanding what’s important to businesses and working people here in Victoria\u201d.<\/p>\n

“What I’m focused on is not what the Business Council out of Sydney have to say about the Victorian economy, it’s what businesses who are investing in the Victorian economy right now have to say,\u201d Premier Allan said.<\/p>\n

\u201cWe continue to be the state that attracts more jobs and attracts more new business investment than any other state, and we do so in an environment where we are continuing to work incredibly hard.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Victoria\u2019s unemployment rate has remained the worst in the nation, with new figures showing there are now 187,000…\n","protected":false},"author":2,"featured_media":281605,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[162884,64,63,162883,99,164,4847,57056],"class_list":{"0":"post-281604","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-allan","9":"tag-au","10":"tag-australia","11":"tag-bca","12":"tag-business","13":"tag-economy","14":"tag-unemployment","15":"tag-wilson"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/281604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=281604"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/281604\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/281605"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=281604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=281604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=281604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}