Today’s Labour force figures show Australia continues to enjoy low unemployment as a result of the former Coalition Government's decade long investment in growing our economy and getting Australians into work.

Shadow Treasurer Angus Taylor said the figures show the Government inherited a strong economy from the Coalition.

“There are a record number of people in work and businesses are boosting wages at double the rate of the public sector to retain good workers,” Mr Taylor said.

“The private sector is responding to the tight jobs market, with individual agreements driving wages growth at an appropriate pace to avoid increasing inflationary pressures,” he said.

Senator Cash said the Albanese Labor Government's extreme industrial relations legislation, which is set to be debated in the Senate over the next two weeks, will jeopardise these strong results and instead result in more strikes and fewer jobs.

Small business, big business and employer groups around the country are warning that this legislation will result in more strike action, they will see fewer jobs in our economy and will not increase wages.

“These changes will not encourage employers to hire workers and grow their businesses, but instead return the Australian economy to 1970s style sector wide bargaining,’’ Senator Cash said.

“Should these changes pass the Parliament, these record low unemployment rates will one day be a distant memory,’’ she said.

The Albanese Government also needs to take responsibility for their extreme hostility to certain types of employment, such as casual work and those in the gig economy.  

“Today’s labour force results provide cold comfort for thousands of Australian workers at Deliveroo, who have suspended their operations in our country.’’ Senator Cash said.

“When we have an Employment Minister in Tony Burke who likens the gig economy as a ‘cancer’ to the economy, it is not surprising that companies like Deliveroo no longer see a future here.’’ Senator Cash said.

Mr Taylor said: “With continuing strength in the employment market, it is all the more alarming that Labor’s budget missed the opportunity to use fiscal policy to support the Reserve Bank to put downward pressure on inflation.”

“The Government has its foot on the accelerator while the Reserve Bank is hitting the brakes. This leaves the Reserve Bank with no choice but to keep raising interest rates to get inflation under control,’’ he said.

“People may be in jobs but it’s getting harder for Australians to make ends meet. The Labor Government still has no plan to deal with inflation and cost of living pressures which are very real and painful for so many,” Mr Taylor said.