Western Australia continues on the road to economic recovery

Written on the 29 January 2018

Western Australia continues on the road to economic recovery
  • Number of independent reports confirm WA economy continues to improve
  • Jobs growth just off its strongest level in five years
  • WA's population is growing at its fastest rate in two years
Treasurer Ben Wyatt has today welcomed the release of two reports which deliver more positive news for Western Australia's economy.

CommSec Research's 'State of the States' publication reports that employment growth in WA is just off its strongest levels in five years. It also reports that Western Australia's population is growing at its fastest rate in two years, with four quarters of continuous growth.

This is further to another CommSec report released last week that showed that WA had the strongest rate of growth in job vacancies of all States in Territories in 2017.

For the calendar year of 2017, Western Australia recorded employment growth of 1.4 per cent, recovering sharply from a 0.8 per cent fall in 2016-17; an unemployment rate of 5.9 per cent, down from 6.2 per cent in 2016-17 and the equal second lowest of all States (along with Tasmania); and the highest participation rate of all States (67.8 per cent), 2.7 percentage points above the national rate (65.1 per cent).

Analysis released from Deloitte Access Economics in their latest 'Business Outlook' report today also forecast strong growth in Gross State Product, business investment and future wages growth in Western Australia over the coming years.

Comments attributed to Treasurer Ben Wyatt:

"When you look carefully at these reports, they paint a very positive picture for the state of WA's economy.

"There is now mounting economic data which collectively shows that WA's economy is moving in the right direction.

"It is particularly encouraging to see the positive results in jobs growth, which is a key focus of the McGowan Government.

"While the news is good, the job is by no means finished and we continue to work hard to deliver more jobs and fix the mess we inherited."

Treasurer's office - 6552 5900

Upcoming Events

Latest news

Matso's Acquired by Gage Roads Brewing

The Peirson-Jones family are delighted to announce that we have agreed to sell Matso's Broome Brewery (Matso's) to Gage Roads Brewing Co (ASX:GRB), one of Australia's leading independent craft brewers. The agreement will see the Matso's range become an integral part of Gage Roads' portfolio of well-known craft beers an...

Read More

Articles via RSS rss

Sign Up for the latest news & events

Does your business attract, recruit and retain staff by offering employment or work experience to young Aboriginal employees?
CLICK HERE to become a Working Together Employer of Choice.



We are located at:

6 Napier Tce
(behind the Westpac bank)
WA 6725

Chamber office hours

Monday: 10am - 3pm
Tuesday: 10am - 2pm
Wednesday: 10am - 3pm
Thursday: 10am - 2pm
Friday: 10am - 2pm

Please ring for an appointment


(08) 9193 5553

After Hours

0410 967 509