The ABS labour figures showed that Queensland once again topped the list of biggest job-generating states among all Australian states, as it accounted for four out of every five full-time jobs created in the country in the last month.
Julie C. Nichols
According to the statement by Treasurer and Minister for Trade the Honourable Tim Nichols, 8200 full-time jobs had been created in May in Queensland on a seasonally adjusted basis.
“Growth has continued over the last 12 months with more jobs created in Queensland than any other state over the last year,” Mr Nicholls said.
“Today’s solid result shows the Government’s strong plan to grow the economy and make it easier to do business in Queensland is working.”
He said over 60,000 Queenslanders had gained employment in the last 12 months on both the seasonally adjusted and trend measures.
“More than 50% of all jobs created in Australia over the past year were created in Queensland, using both trend and seasonally adjusted terms,” he said.
“The trend measure shows an increase of 60,400 jobs in the year to May 2014, while seasonally adjusted figures show an increase of 60,800 jobs.”
Mr Nicholls said the seasonally adjusted growth in jobs in May had impacted on the unemployment rate.
“There’s been a slight drop in the seasonally adjusted unemployment rate, down to 6.2%. Queensland has also enjoyed the equal strongest employment growth of any state in May, on trend terms. Importantly, trend employment in Queensland has risen for 13 consecutive months,” he said.
“While 6800 trend jobs were created in Queensland in the last month, the trend unemployment rate did increase slightly to 6.3 per cent, reflecting a strengthening participation rate. The State’s economy is on the cusp of strong growth but not all Queenslanders are sharing in that growth yet and we know there’s more to do. That’s why we’ve made the strongest and smartest choice to pay down debt and free up funds for job-creating infrastructure projects.”
