Qld only state/territory with 6%+ unemployment rate

The Queensland economy continues to under-perform based on the latest ABS Labour Force estimates released this morning. The state unemployment rate is stuck at 6.2% (in trend terms) while the national rate fell to 5.1% in October from 5.2% in September (see facet plot below). Queensland has the highest unemployment rate among states and territories. Jobs growth is non-existent and both the trend and seasonally adjusted employment measures declined marginally in October. As I’ve said many times before, our state government urgently needs to review all the regulatory and policy settings that could be holding back Queensland businesses from reaching their full potential.

Rplot01

 

Advertisements
This entry was posted in Labour market, Macroeconomy, Uncategorized and tagged , , , , . Bookmark the permalink.

One Response to Qld only state/territory with 6%+ unemployment rate

  1. Michael Roche says:

    There is no doubt that the sluggish growth in job numbers, particularly amongst males, in Queensland is of concern and deserves some in depth analysis. However, it is not really fair to, ompare the Queensland unemployment rate with those in SA or Tassie where their participation rates are several percentage points lower than in Qld.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s