Queensland Unemployment Remains the Highest in the Nation at 6.4%: CCIQ

Thursday 19 December, 2019 | By: Dan Petrie

Queensland’s unemployment rate (on a trend basis) remained the highest in the nation at 6.4% in November as the national benchmark fell from 5.3% to 5.2%, according to the latest data from the Australian Bureau of Statistics (ABS).

The Chamber of Commerce and Industry Queensland (CCIQ) notes Queensland’s unemployment rate was unchanged despite the October rate being revised down to 6.4% as 5,910 jobs were created in the state economy on a trend basis as part-time hiring leading into the Christmas accounted for 4,160 positions whilst 1,750 full-time roles were created over the same period.

CCIQ Chief Economist, Dr Marcus Smith said the state’s high unemployment rate reflects a local economy where overall activity is simply not creating enough positions to meaningfully close the gap between Queensland and New South Wales.

“Job creation is an obvious positive with any jobs report and while it is pleasing to see the number of people in work increase by 63,000 in the last 12 months, it is important to recognise that just over half of these new jobs were full-time positions.

“Hiring in the state has been in the last 12 months driven by health and public administration whilst construction activity is currently tracking well below the state average.

“The total hours worked in the economy coupled with part-time hiring reflects labour-market slack meaning there are people who want to work more hours but simply can’t," Dr Smith said. 

CCIQ notes that 90% of Australia’s jobs in the last 12 months have been created on the eastern seaboard and Queensland created more full-time jobs than Victoria in the last year.  

Note: Reported data is sourced from the ABS and is based on trend data.

 

low unemplyment 2low unemployment 1

Post your comment

Comments

  • computer science assignment help 11/01/2020 5:10pm (8 days ago)

    Your information is very detailed and useful to me, thank you for sharing. I hope you will always be up to date. We also provide affordable www.allassignmenthelp.com in Australia.

    <a href="https://www.makemyassignments.co.uk/computer-science-assignment-help.html”>
    computer science assignment help</a>

  • Dissertation Conclusion Writing Tips 06/01/2020 6:52pm (13 days ago)

    Dissertation writing is a very lengthiest process and it requires complete knowledge of the topics on which you want to write a dissertation. After writing a dissertation you have to write a conclusion and it should be good to understand. If you feel any problem in writing the conclusion of the dissertation you can ask experts of students assignment help for your help.

  • web development company sydney australia 02/01/2020 4:02pm (17 days ago)

    Any jobs noise and while it is fair to see the number of people in effort upsurge by 63,000 in the last 12 months, it is significant to recognize that just ended partially of these new jobs were full-time places.

  • custom paint by numbers 02/01/2020 12:08am (18 days ago)

    ” Financial Advisors ” …….Like in every field , there are A -1 advisors and mediocre or poor advisors . Many lack real knowledge and promote things where they ” earn ” a high commission . Before the market crashes , when it too high and irrational , I pull out of the market and bank the money . I have money in several different banks and over the years the banks ” financial advisors ” recommended that I have too much cash and should ” invest ” in Annuities . The problem is that they take a LARGE chunk of cash right off the top for themselves . I always hold cash until the market crashes and then I jump in and buy when everyone else has sold or is selling , therefore I buy Dirt Cheap . [ the year 2000 and 2008 ] Educate yourself and be cautious . I subscribe to numerous newsletters concerning economics and politics but I take everything with a grain of salt .

  • Dissertation Help Online UK 31/12/2019 9:46pm (19 days ago)

    I'm highly impressed by the piece of thoughts you have shared on this portal.

  • Vistas Santa Ana 27/12/2019 12:02am (24 days ago)

    Very nice tips which anyone can apply when selling their property. A word of mouth through friends and family is also fantastic since you can get a buyer just there!!

  • tuvanbacsi 19/12/2019 7:58pm (31 days ago)

    Unemployment is always a very difficult problem. However, in many cases, it is too picky to accept unemployment

  • essay help uk 19/12/2019 3:55pm (31 days ago)

    Great Post.
    <a href="https://www.essaycamp.co.uk/"> essay help online</a>

RSS feed for comments on this page | RSS feed for all comments