25,000 Queensland jobs lost since January

14 Apr 2016 12:00 AMJohn-Paul Langbroek

More than 25,000 jobs have been lost in Queensland since January, according to the latest figures released by the Australian Bureau of Statistics (ABS).

 

  • Queensland has lost more than 25,000 jobs since January

  • Queensland now has the second highest unemployment rate on mainland Australia

  • The participation rate has also fallen by more than 1 per cent

 

Shadow Treasurer John-Paul Langbroek said today’s ABS labour force data showed a significant increase in the seasonally adjusted unemployment rate – up 0.5 per cent to 6.1 per cent in March.

 

“This is almost half-a-percent higher than the national average, with a total of 27,700 full-time jobs lost in Queensland last month. There are now fewer people in full-time employment than there were this time last year,” Mr Langbroek said.

 

“Queensland is the only state to see an increase, while the rest of Australia experienced a decline.

 

“These figures are very concerning and demonstrate that the Palaszczuk Labor Government’s do-nothing approach is having serious ramifications for our great state.”

 

Mr Langbroek said in the last two months the participation rate had declined by more than one percent.

 

“In the same way Annastacia Palaszczuk has given up trying to create jobs and stimulate the economy, more Queenslanders are giving up looking for work,” he said.

 

“Queensland has waited more than a year for the Palaszczuk Labor Government to come up with a plan to deliver the jobs they promised.

 

“Unfortunately all they’ve seen is a Labor Government consumed by inexperience, incompetence and internal chaos. Labor is frozen at the wheel.

 

“Annastacia Palaszczuk has proven as Premier that she’s bad for jobs, bad for the economy and holding Queensland back.”

 

Mr Langbroek said while Queensland’s trend unemployment rate remained flat at six percent, it was still higher than the national average, languishing at the bottom with South Australia and Tasmania. 

 

“Five hundred jobs were lost last month on the trend measure,” he said.

 

“Even the Treasurer’s preferred unemployment measure is spelling out bad news for Queensland.

 

“Only an LNP Government has a real plan to unleash our state’s true potential.”

 

FAST FACTS:

Seasonally Adjusted Unemployment Rate:

  • Headline rate up 0.5 per cent to 6.1 per cent.  This is 0.4 per cent higher than the national average.

  • Second highest unemployment rate on mainland Australia.

  • 15,500 jobs lost on this measure in the last month (up 35,600 since the election).

  • Since January, Queensland has lost more than 25,000 jobs.

  • In the last two months the participation rate has declined by 1.1 per cent.

     

    Trend Unemployment Rate:

  • Headline rate remains flat at 6 per cent.  This is still higher than the national average. 

  • Last month 500 jobs were lost on the trend measure.

  • Participation rate has gone down 0.1 per cent. 

  • Participation rate has declined in both of the last two months.

 

Comparison of States:

 

Trend (+/- jobs)

Seasonally Adjusted (+/-jobs)

QLD     

-500

-15,500

NSW

-400

4,800

VIC

5,400

10,600

SA  

1,100

4,600

WA

800

16,600

TAS

-400

800

        

 

 

 

 

 

 

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