Despite continual attempts by the Berejiklian Government to paint a rosy economic picture for the state, the latest Australian Bureau of Statistics figures reveal unemployment and underemployment are still on the rise.
The ABS data shows the unemployment rate increased to 5.1 percent in January 2018.
The number of unemployed people is also at its highest level in more than a year after reaching 210,663.
Even though the unemployment rate is the same as when Labor left office, the underemployment rate is higher at 8 percent meaning over 330,000 people are underemployed in NSW.
These figures are being compounded by stagnant wage growth, soaring electricity prices and higher transport costs adding to cost of living pressures being felt under the Berejiklian Government.
Quotes attributable to Shadow Treasurer Ryan Park:
“It doesn’t matter how many times the Premier comes out to crow about the state of the economy, these figures don’t lie. More and more people want to work, but they can’t find a job that will help them with the increasing cost of living.
“It doesn’t take much to scratch beneath the surface of the headline economic figures for a very different and more worrying pattern to emerge.
“Under Ms Berejiklian the economy has become more reliant than ever on part-time work while wage growth is at a record low and the cost of living continues to rise.”