Queensland Economy Watch

Government misses 100,000 jobs target

March 8, 2012 9:00 pm

It’s undeniable the Queensland economy has been weak in recent years, and as a consequence the Government has been unable to hit its unambitious jobs target of 100,000 new jobs, which it announced during the 2009 election campaign:

I’m looking through the volatility in today’s ABS labour force data, which saw an increase in Queensland’s seasonally adjusted unemployment rate from 5.4% to 5.7%, and I remain very confident the Queensland economy will be strong in 2012 given the massive amounts of investment occurring in the resources sector.