Full Time Job Gain Can’t Arrest Unemployment Pain for Queensland Boom

Thursday 13 September, 2018 | By: Dan Petrie

Queensland’s unemployment rate rose to 6.3% (on a trend basis) in August as it continues to lag the national benchmark of 5.3% despite a better than expected increase in full-time positions according to the latest data released from the Australian Bureau of Statistics.

CCIQ notes that the creation of 6,000 full-time positions has not been enough to arrest the state’s stubbornly high unemployment rate, now the worst in the country.

Unemploy Rate QLD2

Head of Media and Industry, Dan Petrie said the data despite showing some positives, again highlights the employment challenge facing the local economy and policy makers more broadly.

“The headline job gains for Queensland was a positive that has largely been overshadowed by the jobless benchmark.

“Despite anecdotal evidence of employers looking to take on more staff, policy makers need to ensure every initiative is both targeted and aimed at getting the unemployment rate below 6%” Mr Petrie said.

CCIQ notes that the levels of economic activity around Queensland have been steadily increasing and remain confident of improving employment outcomes as a result.

The state’s trade exposed industries are benefiting from a lower dollar coupled with the local economy heading into a busier second half of the year.

Unemploy QLD2

“The Queensland economy is not without its challenges but needs to build on the positives of this report in order to build momentum and indeed confidence for the remainder of 2018,” Mr Petrie said.

Year to date, part-time roles have increased by 20,040 while full-time positions have increased in net terms by 3,685 jobs

The underutilization rate has edged up to 15.2%.

The labour market in 2018 has been especially tough on women, with the female underutilisation rate up to 18.1%, the highest level since 2003.

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

--------------------------------------------------- ENDS -------------------------------------------------------

Dan Petrie
Media and Communications – Economy and Government
Chamber of Commerce and Industry Queensland
Ph No: 07 3192 0120 (Landline)
Media - Direct: 0418 793 967
Dan Petrie -Mobile: 0408 919 767
Email: dpetrie@cciq.com.au

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