Queensland Unemployment Rate Steady at 5.9% as Job Creation Remains Sluggish
Queensland’s unemployment rate remained steady at 5.9% in April on a trend basis as the national benchmark was unchanged at 5.1% according to the latest data released from the Australian Bureau of Statistics (ABS).
The Chamber of Commerce and Industry Queensland (CCIQ) notes that the creation of 5,200 jobs was predominantly in part-time positions consisting of an additional 1,140 full-time positions and of 4,060 part-time roles.
CCIQ notes the State’s unemployment rate at 5.9% has moderated due to an upward revision in the March figure to 6.0% with the headline jobless rate primarily easing due to a small slide in the state’s participation rate in the first quarter of 2019 reflecting that less people are effectively now looking for work.
Private sector investment and hiring intentions in Queensland continue to lag New South Wales and Victoria who continue to account for more than 80% of jobs created nationally with overall business sentiment continuing to weigh on employers in the state.
CCIQ Head of Industry, Dan Petrie said the creation of 5,200 jobs while welcome, masks the fact that part-time and casualised roles made up the bulk of jobs created in April and stands in stark contrast to the roles being offered in New South Wales and Victoria.
“The state economy is struggling to create quality full-time roles and the lack of private sector investment is primarily the cause for what has been an incredibly challenging last 12 months for the state.
“Business confidence amidst some trepidation around the Federal Election effectively sees the Queensland economy grinding slowly where the challenge of creating jobs is akin to walking through honey,” Mr Petrie said.
Note: Data is sourced from the ABS and is based on trend data.