FRASER DEFIANT OF UNEMPLOYMENT RISE

Written on the 16 August 2011

FRASER DEFIANT OF UNEMPLOYMENT RISE

STATISTICS released today show Queensland’s unemployment rate has risen 0.2 percentage points in July to 5.6 per cent, but Treasurer Andrew Fraser is still spruiking the state’s jobs growth as the best in the country.

ABS Labour Force data for July indicates an additional 10,000 Queenslander’s are looking for work; with the unemployment rate now well above the national average of 5.1 per cent (seasonally adjusted).

But Fraser touts the fact that Queensland has created 2200 of Australia's 3000 new jobs, with the rise in unemployment only demonstrative of the increased demand for work.

“While we have seen jobs growth continue, we have seen even more people looking for work. That's why we remain committed to driving jobs generation,” says Fraser.

“Queensland powered to record a fourth month of consecutive jobs growth since the natural disasters disrupted the 16 month streak from July 2009 to December 2010. The jobs growth in Queensland was split evenly between full-time and part-time growth.

“In the midst of global economic uncertainty, this is a strong result that should boost business confidence.”

It’s unlikely the ABS statistics will provide any boost in confidence, with Queensland having the highest unemployment figure of any Australian state.

Tasmania is the next highest at 5.2 per cent, while Western Australia has dropped its unemployment rate a staggering 0.5 percentage points to 4.6 per cent.

The latter figure, the lowest in the country, is of particular concern given the synergies between Queensland and WA’s burgeoning resources sector.

The disparity highlights the extent of Queensland’s two-speed economy, with mining booming but other key economic drivers, such as property development and tourism, still struggling amid poor economic conditions.


Latest News

PETER BEATTIE: WE CAN TURN A $1B 'PROFIT' ON COMMONWEALTH GAMES IF BUSINESS GETS ON BOARD

PLAYING host to a major sporting event is often regarded as a guaranteed way to lose money, but the 'face'...

SUPERLOOP BREAKS NEW GROUND TO LAUNCH LATEST FIBRE NETWORK

SUPERLOOP'S already vast fibre cable network just got bigger through the addition of TKO Express, the only fib...

SA GOVERNMENT APPOINTS ESCAPENET TO DELIVER ULTRA HIGH-SPEED INTERNET

THE South Australian government has appointed Adelaide business EscapeNet to deliver a $7.6 million ultra high-spe...

CAIRNS COUPLE DIVE INTO THE SHARK TANK AND CONVINCE FELLOW 'BOATIE' GLEN RICHARDS TO WORK WITH THEM

THEY'RE a husband and wife team with an invention that can help save the Great Barrier Reef, and lives, and Pe...

Related News

CAIRNS COUPLE DIVE INTO THE SHARK TANK AND CONVINCE FELLOW 'BOATIE' GLEN RICHARDS TO WORK WITH THEM

THEY'RE a husband and wife team with an invention that can help save the Great Barrier Reef, and lives, and Pe...

DOWNER EDI GRABS MORE THAN 50 PER CENT STAKE IN HOSTILE TAKEOVER TARGET SPOTLESS

DOWNER EDI Limited (ASX: DOW) now holds more than 50 per cent of Spotless Group Holdings Limited's (ASX: SPO) sha...

STRUGGLING TEN NETWORK IS 'CASH POSITIVE' AND CAN BE SAVED, ADMINISTRATOR SAYS

THE ADMINISTRATORS of the Ten Network say the struggling broadcaster has cash to continue operating and have also ind...

METCASH NET PROFIT FALLS 20 PER CENT, ANNOUNCES CEO WILL STEP DOWN IN 2018

FOOD and grocery giant Metcash has announced its full year net profit has fallen more than 20 per cent and its CEO Ia...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter