Volatility remains in Queensland’s labour market

17 Mar 2016 12:00 AMJohn-Paul Langbroek

Shadow Treasurer John-Paul Langbroek said today’s jobs figures highlighted the current volatility in Queensland’s labour market.

Mr Langbroek said the huge drop in the seasonally adjusted unemployment rate in February came after a huge jump in the unemployment rate in January.

 

“While we welcome any fall in unemployment, it should also be noted 5,800 jobs were lost last month on the seasonally-adjusted measure,” he said.

 

“The participation rate also fell almost one per cent, meaning more people have given up on looking for work.

 

“The trend rate remained steady at 5.9 per cent, which is still above the national average.

 

“Undoubtedly, the low Australian dollar, low fuel prices and low interest rates are all having a positive impact on the results.”

 

Mr Langbroek said regional parts of the state continued to struggle with crippling unemployment rates, and the Palaszczuk Labor Government had failed to identify a plan to deal with this problem.

 

“Thousands of jobs have been lost across our regions, including Townsville, Mackay, Fitzroy and Outback Queensland,” he said.

“A report from the Brotherhood of St Laurence out just this week shows that three of the four worst performing regions for youth unemployment in the country are right here in Queensland.

 

“These statistics won’t change unless the Labor Government first acknowledges then outlines a plan to address this issue.”

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