Tasmania records lowest unemployment rate since 2014

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Tasmania hit a record milestone by hitting its lowest unemployment rate in eight years.

Tasmania’s unemployment rate has hit a record high of 3.7%, less than half the 8.8% announced by the previous government.

The new figures follow two years of higher unemployment due to lockdowns due to the Covid pandemic.

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Tasmanian businesses are now investing more money and hiring more staff to meet increased demand as travel resumes after the pandemic.

There are now 264,200 Tasmanians employed across the state, 6,000 more than at the start of the pandemic.

The figure is also 29,600 higher than when the Green-Labor government was ousted in 2014.

The news follows the release of the Wage Price Index yesterday, which indicated Tasmania’s wages are at least 2.9% higher than the June 2020 WPI.

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