Queensland leads the nation in jobs creation

Queensland is again leading the nation in jobs creation, according to the latest ABS Labour Force data.

Treasurer Tim Nicholls said the result showed the Newman Government’s plan to grow a four-pillar economy, after years of Labor neglect, was working.

“Queensland experienced the strongest increase in trend employment, with 4,200 jobs created in October,” Mr Nicholls said.

“Trend employment has now increased in 12 of the last 13 months.

“Today’s result is also in stark contrast to the rest of the nation, with trend employment going down across all other states except Western Australia.

Mr Nicholls said last month’s trend unemployment rate was revised down by 0.1 percentage point, meaning Queensland’s trend rate remained steady at 5.9 per cent.

The seasonally adjusted rate also remained steady at 5.9 per cent.

“Today’s labour force result is the latest in a string of economic releases showing confidence in Queensland is growing from the dreadful lows under Labor,” he said.

“Queensland was struggling to reach first gear under the previous government, but now our focus on real solutions to supercharge the economy is bearing fruit.

“Retail trade data from earlier this week showed retail turnover in Queensland has grown by 4.2 per cent over the year to September.

“Last week’s Westpac Group-CCIQ Pulse Survey of Business Conditions showed a huge surge in confidence to levels not seen since the March election.

“We’re also seeing a sustained recovery in housing. Queensland has now had 17 consecutive monthly increases in trend building approvals.

“This shows that the Newman Government’s plans for growing a four-pillar economy and delivering on its election commitments are having an impact.

“It can only mean more jobs in the future as we work towards our target of 4 per cent unemployment within six years.”