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ABS labour force data shows Queensland unemployment has increased seasonally adjusted

Posted by on 18/07/2018

The latest ABS labour force data for November has been released. Photo: tanya lakeThe latest jobs figures for Queensland are either great news showing the unemployment rate has declined, or terrible news showing more people are jobless – depending on who you ask.

Queensland received the largest employment increase in seasonally adjusted terms – up 38,600 people – after three consecutive decreases, with a cumulative decrease of 40,500 people, according to November’s labour force data from the Australian Bureau of Statistics.

The unemployment rate in Queensland rose from 5.8 per cent in October to 6 per cent in November, seasonally adjusted.

But when looking at the trend unemployment rate, it decreased from 6 per cent in October to 5.9 per cent in November.

Treasurer Curtis Pitt said it was encouraging that Queensland’s trend unemployment rate had dropped below the 6 per cent mark.

“This is a good outcome in the current economic climate with Queensland the only state to record a fall in the trend unemployment rate in November,” Mr Pitt said.

“We are now seeing the impact of the Palaszczuk government’s firm focus on job creation, our programs to encourage businesses to hire, and our policies to grow the economy and give business the conditions and confidence to invest and create jobs.”

But Mr Pitt said the government knew there was more to do, and the focus on jobs would continue.

Premier Annastacia Palaszczuk was pleased the trend unemployment rate had a “five in front”.

“So it’s trending in the right direction,” Ms Palaszczuk said.

It followed a call Ms Palaszczuk made in November for an unemployment figure in Queensland that started with a five, after the release of the ABS statistics for October.

But opposition leader Tim Nicholls said Thursday’s unemployment figures were “no early Christmas present for Queenslanders looking for a job”.

“We’ve seen the seasonally adjusted unemployment rate tick up by .2 per cent to 6 per cent,” Mr Nicholls said.

“Whilst we’ve seen a small improvement in the trend rate, that doesn’t hide the fact that almost 40,000 Queenslanders have given up looking for jobs over the past 12 months alone.”

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