State Budget

444 The Hon. S.C. MULLIGHAN (Lee) (4 May 2021). What data does the Department of Treasury and Finance use to formulate employment forecasts for the state budget?

The Hon. S.S. MARSHALL (Dunstan—Premier): I have been advised:

In formulating employment forecasts, a number of data sources are taken into consideration, including:

Global and national economic trends.

Australian Bureau of Statistics (ABS) Labour Force Survey.

Population Projections (ABS and SA Planning).

Participation rate projections (Federal Treasury).

Forward indicators of labour demand including: the Internet Vacancy Index published monthly by the commonwealth Department of Education, Skills and Employment (DESE); ANZ job advertisement series; ABS job vacancies data.

Policies that have been introduced by either the federal or the South Australian governments that impact employment.

Capital works programs of the federal and South Australian governments that have potential to influence labour demand.