Unemployment, though ticking up slightly, is still very low at 4.1% and 44,000 new jobs were created in January.
Average unemployment is lower under the Albanese Labor Government than any government in 50 years.
In total more than 1.1 million new jobs have been created under the Albanese Government, including 706,700 full-time positions.
More than 580,000 new jobs for women have been created, with nearly two thirds of those full-time. Full-time employment for women increased by 31,500 over the month, taking it over 4 million, also a new record.
Overall full-time employment rose by 54,100 in January, to stand at a record high of 10,092,800.
The number of young people in work also increased, rising by 11,300 to 2,245,600.
Federal Member for Blair Shayne Neumann said the encouraging figures followed welcome news on interest rates on Tuesday, to lower the cash rate by 25 basis points to 4.10 per cent.
“Under Labor, inflation is down, real wages are growing again, unemployment is low and now interest rates are coming down as well,” Mr Neumann said.
New data also shows the average weekly earnings for full-time workers are continuing to rise with a 2.7 per cent increase over the six months to November 2024.
Annual growth to November 2024 rose to 4.6 per cent, or an extra $87 a week.
This means the average full-time worker is now earning $206 more per week, or around $11,000 per year since the Albanese Government came to office – an 11.6 per cent increase.
Yesterday, the ABS also released data showing the Wage Price Index has grown 0.7 per cent in the December quarter, to be 3.2 per cent higher through the year.
Real wages grew by 0.5 per cent in the quarter and 0.8 per cent through the year to the December quarter 2024.
Australian Bureau of Statistics data released earlier this month revealed nearly 20,000 new positions have been created across the Ipswich region in the past two and a half years.
ABS Labour Force figures revealed that since the Albanese Government came to office in 2022, Ipswich has grown by 19,500 new jobs – an increase of 10.5 per cent – bringing local employment to 204,600.
A number of major employers and developments in the Ipswich region are helping to drive the local jobs boom, including the new Suntory drinks manufacturing facility at Swanbank; the Australia Post, Coles and L’Oreal distribution centres; and Rheinmetall’s military vehicle centre of excellence in Redbank.
Rheinmetall is supporting around 600 direct local jobs alone, and hundreds of indirect jobs as part of a major defence contract delivered by the Albanese Government to produce and export Boxer Heavy Weapon Carrier vehicles to Germany.
On top of this, JBS has put on more than 700 new jobs and a second shift from last year at their Dinmore meat processing plant, in response to increased global demand for Aussie beef, taking the total jobs to 2400.
Mr Neumann said the extra jobs were a great result for Ipswich because they represented growing industries, more career opportunities and more goods and services for local communities.
“This is a tribute to local workers and employers who have delivered these results, alongside Labor’s responsible economic management and our changes to workplace laws,” Mr Neumann said.
