Manufacturing News, Skills and training, Victoria

Victoria continues to lead Australia in job growth

Victoria’s title as Australia’s number one state for jobs creation has been retained, with the state recording the largest jobs growth in the country during the month of February.

Australian Bureau of Statistics (ABS) results show an extra 29,300 Victorians found jobs in February.

This total is more than any other state or territory, bringing the total number of Victorians in work to a record 3.7 million people.

Victoria’s unemployment rate remained low, at 3.9 percent in February.

Since 2014, there has been almost 780,000 new jobs created in Victoria.

Regional Victorian jobs have also soared since 2014, increasing by nearly 25 per cent, with 822,000 Victorians in regional areas now in work across the state, providing communities with stability and security.

According to the ABS data, the state’s economy has grown by 9.1 per cent over the past two years.

Victoria’s economy has showcased a remarkable rebound since 2020, surpassing NSW, Queensland, Western Australia, and Tasmania, with ABS figures indicating a 9.1 per cent growth over the last two years.

Invest Victoria stated this data reflects Victoria’s position as a viable investment destination, with business investment supported by a strong pipeline of construction projects across the state.

They also added information from an independent analyst.

Deloitte Access Economics predicts Victoria to outpace other states in economic growth and job creation for next five years.

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