Tasmania’s economy is strong and exceeding expectations

21 July 2023

Jeremy Rockliff, Premier







Tasmania’s economy is strong and beating expectations with the lowest unemployment rate in the state’s history and the latest Deloitte Access Economics Business Outlook report supports that despite facing a severe economic downturn.

Although the report predicted employment growth of 2 per cent in 2022-23, yesterday’s ABS jobs data showed Tasmania had already exceeded this, with employment growth of 3.2 per cent in the 12 months to June 2023.

Prime Minister Jeremy Rockliff said we are always mindful of economic conditions going forward and recognize the challenges ahead.

„That’s why it’s more important than ever that Tasmania’s economy is managed by a Liberal government – one that has a proven track record of managing budgets, generating surpluses and driving more economic activity,” the Premier said.

„The Tasmanian Liberal government is focused on real numbers that mean something to Tasmanians, namely our record unemployment rate of 3.8 per cent – the lowest in Tasmania’s history, and half of what it was under the disastrous Labor-Green government in 2014.

“Tasmanians still remember the dark days of the Labour-Green recession, where the unemployment rate was ahead of seven.

„It was a Liberal government that fixed the budget and bought it back to surplus – ensuring we are in a strong position to support Tasmanians through the pandemic.

“Since being elected in March 2014, we have seen more than 56,000 Tasmanians in work, including more than 29,700 women in work and 7,500 fewer unemployed Tasmanians.

“This is not a coincidence; Our government’s long-term plan to build a strong economy and deliver job growth is working, and now, more than ever, it is important not only to maintain this momentum, but to accelerate it.

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“We have proven that our approach works and we assure Tasmanians that we will not rest on our laurels.

“After nine years in opposition, they still haven’t learned their lesson. We already know Labor will increase the budget by billions and they’re not even in government.

„Tasmania’s strong financial position and the strength of our economy enable us to weather any economic disruptions, as we have done through the Covid-19 pandemic.”

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