State lagging behind
QUEENSLAND’S unemployment rate rose to 6.3 per cent (on a trend basis) in August as it continues to lag the national benchmark of 5.3 per cent despite a better than expected increase in full-time positions according to the latest data released from the Australian Bureau of Statistics.
The creation of 6000 fulltime positions has not been enough to arrest the state’s stubbornly high unemployment rate, now the worst in the country.
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 per cent. Dan Petrie
Head of Media and Industry,
Chamber of Commerce and Industry Queensland