Qld jobless rate still at GFC levels

Written By Unknown on Kamis, 08 November 2012 | 15.02

QUEENSLAND'S jobless rate is continuing to hover at levels not seen since the global financial crisis.

The latest figures from the Australian Bureau of Statistics (ABS) show that Queensland's seasonally adjusted jobless rate for October eased to 6.2 per cent from 6.3 per cent in September.

Unemployment in the state peaked during the global financial crisis at 6.3 per cent in September 2009.

Opposition treasury spokesman Curtis Pitt said the employment figures had taken a king hit from the Newman government's first budget, which detailed 10,600 redundancies in the public service.

Mr Pitt said the state's unemployment rate had gone up only after the Liberal National Party (LNP) government was elected in March.

"That's hardly surprising when we have a state government that has focused entirely on mass sackings, savage cuts to frontline services and funding cuts for community organisations," he said in a statement.

"That slash-and-burn approach does nothing to instil confidence in local and regional economies."

Treasurer Tim Nicholls is not downbeat over the result and has described the state's economic outlook as bright.

Mr Nicholls said the Queensland economy was forecast to grow by four per cent this financial year and his budget, released in September, predicted 15,000 jobs would be created.

But he said difficult economic circumstances were facing all states.

"Sticky unemployment data is not unique to Queensland," he said in a statement.

"We are seeing other states, resource and non-resource, experience increases in unemployment.

"This demonstrates the difficult economic conditions."

The jobless rate nationally held steady at 5.4 per cent in October.


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