STATE TOPS FOR JOBS

Written on the 12 June 2014 by Nick Nichols

STATE TOPS FOR JOBS QUEENSLAND has emerged as the nation’s employment engine room with 18,200 full-time jobs created in the state during May.

The seasonally adjusted figure reveals that Queensland accounted for four out of every five full-time jobs created across Australia.

The Australian Bureau of Statistics has revealed the national unemployment rate remained steady at 5.8 per cent, seasonally adjusted, with 717,100 people out of work – up 3200 since April.

The figure was impacted by the loss of 22,000 jobs in NSW which saw the state’s unemployment rate edge higher, from 5.4 per cent to 5.7 per cent.

However, the jobless rate in Queensland dipped from 6.3 per cent to 6.2 per cent.

The Queensland Government has attributed the growth to its policies which it says are making it easier to do business in Queensland.

Treasurer Tim Nicholls says this has led to more than 60,000 Queenslanders gaining jobs in the last 12 months, on both the seasonally adjusted and trend measures.

“Growth has continued over the last 12 months with more jobs created in Queensland than any other state over the last year,” Nicholls says.

“More than 50 per cent of all jobs created in Australia over the past year were created in Queensland, using both trend and seasonally adjusted terms.

“The trend measure shows an increase of 60,400 jobs in the year to May 2014, while seasonally adjusted figures show an increase of 60,800 jobs.”

Nicholls says trend employment in Queensland also has risen for 13 consecutive months.

“While 6800 trend jobs were created in Queensland in the last month, the trend unemployment rate did increase slightly to 6.3 per cent, reflecting a strengthening participation rate.

“The state’s economy is on the cusp of strong growth but not all Queenslanders are sharing in that growth yet and we know there’s more to do.”

Tasmania has the highest unemployment rate in Australia at 7.5 per cent, down from 7.6 per cent in April, while Western Australia’s figure edged to 5 per cent from 4.9 per cent.


Author: Nick Nichols

Latest News

2017 BRISBANE TOP COMPANIES REVEALED

WHILE Queensland is regarded as an economy in transition with the winding down of the mining boom, the 2017 top 50...

2017 BRISBANE TOP COMPANIES 1-10

FROM insurance and banking to travel, gambling, retail, property and pizza, these "heavyweights" have ha...

2017 BRISBANE TOP COMPANIES 11-20

RETAIL, property, an airline, cars, real estate, software services, energy, agriculture, veterinary services bathr...

2017 BRISBANE TOP COMPANIES 21-30

JEWELLERS Michael Hill International listed in 2016 with a half-billion dollar market capitalisation and a new CEO...

Related News

FURNITURE DISRUPTOR SET TO SHARE HIS ONE OF A KIND BUSINESS MODEL

IT'S no secret that Australians love homemaking. Their ceaseless quest to create the perfect place to call hom...

WEEDING OUT THE ASX'S BURGEONING CANNABIS TREND: 8 COMPANIES TO WATCH

A NICHE is budding on the ASX in the form of medical cannabis, an industry which has been on the country's rad...

FRESH CLASS ACTION TO REVEAL ANOTHER SIDE OF SLATER AND GORDON DOWNFALL

ACA LAWYERS has issued a formal letter of demand to Andrew Grech (pictured), managing director of Slater and Gordo...

STARSHIPS WERE MEANT TO DELIVER DOMINO'S PIZZA

NICKI Minaj may have been off the mark when she declared 'starships were meant to fly'. However, she m...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter