News

Queensland's jobless rate climbs slightly to 6.1%

New employment statistics good despite troubling conditions, QLD Treasurer Tim Nicholls has said today.
New employment statistics good despite troubling conditions, QLD Treasurer Tim Nicholls has said today.

QUEENSLAND'S seasonal unemployment rate has dropped marginally from 6.3% to 5.9% while about 18,400 jobs were created, the state government says.

Queensland Treasurer Tim Nicholls said the seasonally adjusted figures were in contrast to the loss of more than 18,000 jobs nationally.

"Seasonally adjusted employment grew 0.8 per cent in July, to be 0.7 per cent higher over the year," Mr Nicholls said.

"We have consistently said the seasonally adjusted data is volatile, but it is pleasing to also note that despite tough economic conditions, trend employment remained stable in Queensland. It's the tenth consecutive month in which trend employment has either increased or remained unchanged."

Trend unemployment increased only marginally by 0.1 per cent to 6.1% in July, he added.

Mr Nicholls said flat figures nationally reflected the difficult business conditions and uncertainty facing business at present - which he attributed to instability in Canberra.

"In just over three years, Labor has given us two prime ministers, two treasurers, five assistant treasurers and six small business ministers," he said.

"Business conditions are also difficult, as a result of the still relatively high Australian dollar, low commodity prices and the carbon tax." 

Mr Nicholls said the Newman Government remained committed to its 4 per cent unemployment target, adding that today's data showed that since the Newman Government came to power, 12,793 jobs have been created in trend terms and 20,555 in seasonally adjusted terms.  

"It's a further sign our initiatives to grow the four pillars of the Queensland economy are having a positive impact," Mr Nicholls said.
 

Topics:  employment treasurer tim nicholls



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