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.