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Thursday, November 10, 2005

Tasmania records more jobs growth -

Tasmania records more jobs growth - Lara Giddings, MHA - Tasmanian Government Media Releases

Tasmania has recorded 42 months of consecutive jobs growth, with 500 jobs created last month.

Economic Development Lara Giddings today visited Ashmore Foods Tasmania in Mornington that has put on six new employees in the last month and has recently invested in new premises and equipment.

?The ABS job figures today show that Tasmania has now had 42 consecutive months of jobs growth and Ashmore Foods is a great example of a Tasmanian company increasing its employees and expanding through new premises and equipment,? Ms Giddings said.

?The 500 new jobs in October means we have created 27,800 jobs in Tasmania since January 1999.?

?What is most pleasing about today?s figures is the increase in the participation rate which has increased to 60.7 per cent ? the highest since August 1996.

?This means more Tasmanians are confident about looking for work.?

The ABS has revised its figures from last month and the unemployment rate in October is up to 0.2 per cent to 6.6 per cent in trend terms. This also reflects the increasing number of Tasmanians who are now looking for work.

Ms Giddings said Ashmore Foods Tasmania is a seafood trading, processing and distribution business specialising in marketing Tasmanian seafood to the interstate market.

?Its turnover is predicted to nearly double by the 2006-07 financial year and the company is one of many Tasmanian companies investing in their business,? she said.

?Four months ago Ashmore Foods opened their purpose built seafood processing facility for value-adding, to increase quality control in production, and to access export markets.

?The new premises is an investment of $330,000 and includes a new factory retail outlet that opened on 1 November.

?Ashmore has also invested in a new state of the art freezer which will enable 50 kilos of product to be taken to -25�C in under 50 minutes.

?It is one of few of its kind in the state freezing seafood and enables oysters to be frozen with meat remaining white and without the tissue structure being broken down.?

Ms Giddings said private investment in Tasmania is at record levels and grew by 31.4 per cent in 2004-05.

?Only yesterday figures released showed that Tasmania?s Gross State product grew by four per cent in 2004-5 outstripping national growth,? she said.

The Government provided Ashmore Foods with $8,000 of assistance for business planning and Ashmore Foods participated in trade shows with Economic Development?s Trade and Marketing Unit.


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