House debates

Tuesday, 8 February 2022

Questions without Notice

Economy

2:40 pm

Photo of Josh FrydenbergJosh Frydenberg (Kooyong, Liberal Party, Treasurer) Share this | Hansard source

I thank the member for Lindsay for her question. I had the opportunity to join her recently in her electorate and visit an earthmoving business that was investing in new equipment by using our immediate expensing provisions.

When the coalition came to government, the unemployment rate was 5.7 per cent and rising. When the coalition came to government, there were one million fewer women in work. And, when the coalition came to government, under Labor, one in eight manufacturing jobs were lost. Now, after the biggest economic shock since the Great Depression, the picture is very different. The unemployment rate, at 4.2 per cent, is at a 13-year low and is on track to being at a 50-year low. There are a record number of Australians in a trade apprenticeship. And there are 1.7 million more Australians in work today than when Labor was last in office. Our economic plan is working, investing in skills, lower taxes—

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