Australian Prime Minister Scott Morrison today placed jobs at the forefront of his campaign, promising to create 1.3 million more jobs over the next five years, following the move by his main political opponent to seek answers to questions about with the unemployment rate.
Opposition leader Anthony Albanese failed to answer reporters’ questions about interest rates and the unemployment rate on the first day of the election campaign yesterday, but his focus has been on raising wages, but and the pressures of increasing the cost of living.
“We have the data and the proven plans to create these … new jobs,” Morrison said in a statement. for our program, about a stronger economy, ”he added.
Two opinion polls released yesterday show Albania’s center-left Labor Party leading the Conservative Liberal and National Party coalitions for the May 21 election, with Prime Minister Morrison running for office. the most suitable leader, as the same polls showed.
Morrison said that “despite the fires, the pandemic, the global recession, the economic pressure from China and now the war in Europe,” his government reduced the unemployment rate to 4%, the lowest level in 13 years. from the 5.7% in which this was recorded, when Labor left power in 2013.
New jobs will be created “across the economy,” Finance Minister Josh Friedenberg said. “We will see more jobs being created,” he told Channel Seven.
Australia’s unemployment rate appears to be falling in the 3% range for the first time since the early 1970s, several months before central bank estimates, with some economists predicting it will be lower than the budget forecast in 3.75% for unemployment.
At the same time, the increase in wages is estimated to accelerate, but not enough, to overcome inflation, launching a reduction in income for the current year.
In order not to upset disgruntled voters, the March budget increased a tax exemption for tens of millions of low- and middle-income workers, offering one-off payments to retirees, as well as a temporary reduction in fuel taxation.
SOURCE: AMPE
Source: Capital
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