South Australia down the Tubes! Labor's Jobs Bombshell

[h=1]Labor's jobs bombshell: no improvement "best case scenario"[/h] [h=2] [/h] South Australia’s unemployment rate would hit 9.3 per cent within two years under a “feasible” scenario modelled by the State Government.

The Weatherill administration’s 2015 “Economic Statement”, to be published today, paints a grim picture of the state’s employment outlook.

It presents three potential scenarios for SA’s unemployment rate by the end of 2017 – the most optimistic of which is 7.5 per cent, virtually unchanged from the nation-lagging figure published by the Australian Bureau of Statistics this month.

Alarmingly though, the statement says that to hold steady at 7.5 per cent unemployment by the end of 2017 “SA would need to nearly double the rate of employment growth over the next two years”.

The worst-case scenario modelled “depicts what would happen if employment growth stopped”.

“Under this scenario, we could expect the unemployment rate to rise to around 9.3 per cent by the end of 2017,” says the document.

Read the full article here and make sure to read what the locals comment on:

http://indaily.com.au/news/2015/11/25/labors-jobs-bombshell-no-improvement-best-case-scenario/