Tracking Queensland’s long term unemployment rate.
Queensland’s unemployment has risen from 5.5 percent when the Newman Government came to power to a high of 6.3pc.
In 2012, Queensland recorded “the steepest rise in unemployment in the state since Australian Bureau of Statistics records began in 1978”.
At latest report, 15,414 Queensland public servants have lost their jobs under the Newman Government at a rate of nine per day.
Queensland’s highest youth unemployment region is Cairns with an unmatched 20pc. The Brotherhood of St Laurence recently conducted a nationwide study into youth unemployment and flagged it as being at crisis point.
Below is the long term data reflected in graphical form. All data is based on ‘Labour force’ from Queensland Treasury and Trade.
All regional data comes from ‘Regional labour force’ from Queensland Treasury and Trade.
Politicians frequently switch between trend and seasonally adjusted data based on which is more favourable to them. As reflected below, seasonally adjusted data tends to be more erratic than trend.
The acronyms FTE and PTE refer to full-time employment and part-time employment respectively.
Queensland’s trend unemployment rate: 6.3 percent.
In trend terms, there was a 0.2pc rise in FTE and a 0.4pc rise in PTE. Unemployment remained steady at 6.3pc.
Queensland’s seasonally adjusted unemployment rate: 6.3 percent.
In seasonally adjusted terms, FTE fell by 0.6pc but PTE rose by 1.8pc. The unemployment rate rose from 6.2pc to 6.3pc.
Employment growth, trend, monthly % change.
Supplied graph from Queensland Treasury and Trade.
Trend Queensland job creation; FTE & PTE to total jobs.
In trend terms, Queensland gained 2,800 FTE and gained 2,900 PTE for a total of 5,700 jobs for June.
Seasonally adjusted Queensland job creation; FTE & PTE to total jobs.
In seasonally adjusted terms, Qld lost 10,500 FTE but gained 12,700 PTE for a net gain of 2,200 for June.
Trend Queensland participation rate versus Australian participation rate.
A slight rise in trend participation rate, up from 66.4pc to 66.5pc. Australia’s trend participation rate remained the same at 64.7pc.
Seasonally adjusted Queensland participation rate versus Australian participation rate.
Seasonally adjusted, Queensland’s participation rate fell from 66.3pc to 66.3pc. Australia’s rose slightly from 64.6pc to 64.7pc.
Trend Queensland labour force to Australian labour force.
In terms of trend Labour force Australia rose by 11,700 persons and Queensland by 6,400 persons.
Unemployment by region
This graph shows the worst unemployment regions of Queensland. Ipswich equals worst place in Queensland’s for unemployment, rising rose 0.3pc to 9.3pc in for June. Moreton Bay – North also rose, up 0.1pc to 9.3pc. Wide Bay’s unemployment remained unchanged at 8.7pc
Unemployment rate by region
With the regional average unemployment at 6pc, all of the following remain above the norm; Morton Bay – North 9.3pc, Ipswich 9.3pc, Wide Bay at 8.7pc, Cairns at 8.1pc, Sunshine Coast 6.5pc, Townsville 7pc and Logan – Beaudesert 6.7pc.
Annual change in employment by region
The Logan – Beaudesert region lost 13,400 FTE & 3,800 PTE for a total loss of 17,200 jobs for June whith unemployment rising to 6.7%.
Wide Bay region lost 3,100 FTE and lost 5,900 PTE for total loss of 9,000 jobs whilst unemployment remained at 8.7pc.
Cairns region lost 7,400 FTE and lost 1,300 PTE for a total loss of 8,700 jobs whilst unemployment fell to 8.1pc.
Townsville lost 5,700 FTE and lost 3,500 PTE for a total loss of 9,100 jobs whilst unemployment rose from 6.7pc to 7.0pc.