Photo: Canberra Times

Revised Labour Force data released today by the Australian Bureau of Statistics (ABS) confirms Victoria has created 284,000 new jobs since November 2014 – the highest in the nation in both absolute and percentage terms.

It equates to more than 250 new jobs every day since the Labor Government was elected.

Almost 190,000 of those jobs are full time – again, the highest growth in full time employment of all the states.

Unemployment remains steady at 5.7 per cent, having experienced the biggest decrease in the nation in October, and remains the second lowest unemployment rate in Australia.

The data shows that since the Labor Government was elected, there has been annual average jobs growth of 3.2 per cent, compared to a paltry 1.2 per cent per year achieved under the former Liberal government.

The ABS re-benchmarks Labour Force data once a quarter to ensure the estimates are based on the most up‑to‑date population benchmarks.

Today’s excellent job figures complement an exceptional few days of strong economic data for Victoria.

Earlier this week the ABS reported Victoria’s goods and services export growth is powering along, with a 10.6 per cent annual boost taking total exports to almost $50 billion in the year to the September quarter.

Meanwhile, the ABS yesterday confirmed Victoria’s economy is booming, with state final demand growth the strongest in the nation at 4.7 per cent over the year to September 2017.