House debates

Monday, 26 February 2018

Questions without Notice

Economy

2:11 pm

Photo of Malcolm TurnbullMalcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source

I thank the honourable member for her question. We know that our pro-business, pro-investment, pro-jobs policies are delivering because we have seen 16 months of continuous jobs growth—the longest in more than 40 years—and we have seen last year the largest number of jobs created—403,000—in any given year. We know that three quarters of them are full time and 60 per cent of them are women taking up those jobs. Female participation is at its highest rate ever. We are seeing the performance of an economy that is getting support from its government to deliver the jobs and growth we promised in the 2016 election. As I said in my earlier answer, you are seeing precisely the same response across the United States. You're seeing jobs growth, wages growth, investment growing, business confidence rising. The reality is—and it has always been the reality—if you provide incentives for business to invest, if you reduce business taxes, you get more investment. If you get more investment you get greater productivity, you get more jobs and you get higher-paid jobs. Unless you have that investment you won't get the growth that you need.

Ms Butler interjecting

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