Fall in Queensland jobless rate sign of improving economy, Treasurer Curtis Pitt says

Posted October 20, 2016 15:28:33

A slight drop in Queensland’s unemployment rate last month proves the State Government’s economic plan is working, Treasurer Curtis Pitt says.

The seasonally adjusted jobless rate fell from 6.2 per cent to 6 per cent in September, while the trend rate fell from 6.2 to 6.1 per cent.

The state result came as the national unemployment rate fell from 5.7 to 5.6 per cent.

Mr Pitt said an upturn in the Queensland economy and the Government’s economic plan were setting the right climate for improving labour market conditions.

“The latest figures are more good news for the Queensland economy and further hard data showing our economic plan is working,” he said.

“But we know there is more work to do because not all sectors and regions are transitioning to a post-mining boom economy as well as others.”

‘It’s just people giving up the search for work’

However, shadow treasurer Scott Emerson was quick to point out the work participation rate fell again last month.

“The only reason the unemployment rate has come down is people are giving up looking for work,” Mr Emerson said.

“There’s no doubt we are seeing two worrying trends here in Queensland — a trend away from full-time employment and a trend of people giving up looking for a job because things are getting harder.”

Topics: unemployment, state-parliament, brisbane-4000, bundaberg-4670, cairns-4870, mackay-4740, maroochydore-4558, mount-isa-4825, rockhampton-4700, southport-4215, toowoomba-4350, townsville-4810

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