Alarming job loss crisis par for the course under Labor
QUEENSLAND’S unemployment rate of 7.5 per cent is now worse than Victoria’s, a state which is currently in Stage 4 lockdown.
The Palaszczuk Labor Government’s own figures forecast that Queensland’s unemployment rate will jump to 9 per cent by the end of this year.
Queensland’s unemployment crisis is alarming, but it is not new.
Thanks to Labor, Queensland had the nation’s worst unemployment rate in the nation before coronavirus, as well as the highest number of bankruptcies and the lowest business confidence
In fact, during every year of this state government, Queensland has had the worst unemployment rate in the nation.
Because Labor can’t manage the economy, nearly 200,000 Queenslanders are now out of work and others are giving up altogether, causing our job participation rate to fall – in sharp contrast with the national trend.
Queensland continues to have the highest youth unemployment rate at 15.5 per cent, as well as the most long-term unemployed.
Annastacia Palaszczuk’s failure to deliver an economic plan or State Budget has left Queensland facing years of high unemployment and high taxes.
Only an LNP Government will provide the economic leadership that Queensland is desperate for.
The LNP will build new infrastructure to create jobs, including the drought-busting New Bradfield Scheme and new dams to improve food and water security.
An LNP Government will also give Queenslanders a no-new-tax guarantee, giving businesses the confidence to invest. Only the LNP has a plan that will stimulate the economy, create a decade of secure jobs and drag Queensland out of recession.
TIM MANDER, MP
LNP DEPUTY LEADER AND SHADOW TREASURER