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Posted 4 hours 7 minutes ago
Tasmania's main employer body believes the state's economy is running nearly at full capacity.
The Tasmanian Chamber of Commerce and Industry has welcomed the March trend unemployment rate of 5%, which is unchanged from the previous month.
However, it says the participation rate continues to be a worry.
The Chamber's senior economist, Richard Dowling, says productivity improvements are now crucial if the economy is to advance.
"The economy is basically running at its speed limit now, and we don't see as a business chamber much room for further growth in the labour force, unless we can actually find ways to increase the speed limit of the economy, and that is essentially productivity improvements," he said.
Tasmania's main employer body believes the state's economy is running nearly at full capacity.
The Tasmanian Chamber of Commerce and Industry has welcomed the March trend unemployment rate of 5%, which is unchanged from the previous month.
However, it says the participation rate continues to be a worry.
The Chamber's senior economist, Richard Dowling, says productivity improvements are now crucial if the economy is to advance.
"The economy is basically running at its speed limit now, and we don't see as a business chamber much room for further growth in the labour force, unless we can actually find ways to increase the speed limit of the economy, and that is essentially productivity improvements," he said.
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