New Federal Government figures show the number of jobs lost in the Eastern Suburbs increased by 37.3 per cent last year as the broken NSW Labor Government failed to manage the State’s economy, Shadow Treasurer Mike Baird said today.

The ‘Small Area Labor Markets’ reportreleased by the Federal Government this month revealed an additional 1,478 people became unemployed in the Eastern Suburbs between March 2008 and 2009.

“This new report shows an additional 1,478 Eastern Suburbs residents lost their jobs over the 12 months to March 2009, that’s an increase of 37.3 per cent,” Mr Baird said.

“These annual figures show families and businesses in the Eastern Suburbs are feeling the effects of the NSW Labor Government’s mismanagement of the economy.

“In these uncertain times, businesses need positive and practical plans from Government so they can prevent job losses and boost conditions for local families.

“That’s why the Liberals/Nationals has proposed to cut payroll tax by 15 per cent over this financial year, with an additional 5 per cent off in areas of high unemployment.

“The Treasurer Eric Roozendaal likes to talk about the ‘green shoots’ he sees appearing but everyone knows it is his Government that scorched the earth to begin with.

“Businesses would be able to deliver more jobs to families in the Eastern Suburbs if the Treasurer adopted the Liberals/Nationals payroll tax plan.”

MEDIA: Lisa Harrington – 0406 726 880

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