100,000 jobs for New South Wales01 October 2015 by News Desk
New South Wales in Australia has been a magnet for jobs growth over the past 12 months.
More than 105,000 jobs have been created across the state in the past year, with Sydney the powerhouse of wider economic growth.
Sydney and New South Wales have the strongest jobs growth and the lowest unemployment rate in Australia. It also boasts the fastest-rising retail sales and most rapidly expanding economy in the country.
Much of the jobs growth has been stimulated by a massive state government project to improve infrastructure across the state.
New South Wales Premier Mike Baird won re-election in March with a plan to raise $14 billion from sales of electricity assets to fund railways, roads, schools and hospitals.
Infrastructure is desperately needed to cope with Sydney’s rising population. It includes $30 billion for new motorways and rail projects in Sydney along with $8 billion for schools and hospitals. There is also a plan to sell leases on prime harbourside sites and use $200 million of the proceeds to upgrade the city’s central ferry terminal.