Employment 'top priority': Swan

TREASURER Wayne Swan will promote employment as a key solution to financial woes in Europe and the United States with the G20 and the International Monetary Fund this week.

In his weekly economic note, Mr Swan said he would meet with the G20 Finance Ministers and Central Bank Governors in Washington DC, as well as promoting Australia as an investment destination to investors in New York.

As both Europe and the US continue the slow recovery from the global financial crisis, Mr Swan wrote that employment must be a "top priority".

"Many Australians don't realise that while our economy has created almost 790,000 jobs over the past four and a half years, jobless queues have lengthened in other developed economies." he wrote.

"In fact, around 27 million people have lost their jobs since the global financial crisis struck and the International Labour Organization has warned that millions more could join them in the years ahead."


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