Brisbane metro labour market in bad shape

According to ABS regional labour force data, the latest batch of which was released today, the rise in Queensland’s unemployment rate over 2012 was driven by a weakening labour market in the Brisbane metro area – a deterioration which was only slightly offset by an improving labour market in the rest of Queensland (see chart below). This was possibly because the public sector job cuts have been largely confined to administrative jobs in the Brisbane metro area – a sensible strategy given this is where the inefficiencies are likely to exist.

unempPete Faulkner has coverage of the Far North Queensland data: FNQ unemployment rate edges higher but the news is positive. However, I’m much less confident than Pete that we can read much into the highly volatile data at the statistical region level. KS at Loose Change also has coverage of today’s FNQ data (FNQ employment at a new monthly high).

 

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5 Responses to Brisbane metro labour market in bad shape

  1. KS says:

    I don’t want to get into a Cairns v Townsville thing but the employment in North – North West looks strangely weak over the last two years!

  2. Agree that we can’t read much into the highly volatile monthly data. However, another month with unemployment at the rates we’ve seen in FNQ since about August will signal a sharp turn around in the far more stable (albeit backward looking) Trend series. This would align with anecdotal evidence of labour recoveries in both the agricultural and tourism sectors in the region. Fingers crossed!

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