Latest fall in unemployment good news for Queensland small business

Thursday 14 January, 2016 | By: Default Admin | Tags: unemployment, ABS data, retail sales data

The Chamber of Commerce and Industry Queensland (CCIQ) welcomes the fall in Queensland’s unemployment rate.

ABS figures released today show an increase of 2200 full-time jobs and 6700 jobs in total across Queensland during December.

CCIQ Director of Advocacy Nick Behrens said the new data was encouraging and revealed employment gaining momentum, with the December result building on the last few months.

“These figures are promising and clearly indicate that the economy is heading into positive territory,” he said.

“The unemployment rate in Queensland fell to 5.8 per cent (from 5.9 per cent in November), which is now the lowest since November 2013 and now equal to the national average.”

Mr Behrens said growth in employment had recently come from healthcare and social services, education and training, and accommodation and food service sectors.

“This is consistent with recent retail sales data showing cafes, restaurants and food services recording the highest growth driven by stronger tourism and discretionary incomes,” he said.

“However, there are still 147,000 Queenslanders unemployed and persistent drought and weak mining conditions are impacting many parts of Queensland.

“On a cautionary note, State final demand measures for Queensland continue to indicate a flat domestic economy. Without economic activity, further job creation will be limited.

“This highlights the need for the State Government to focus on the economy as a top priority in 2016 to allow Queensland businesses to continue to grow, invest and employ more Queenslanders.”

   

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