CCIQ says latest labour data encouraging for Queensland

Thursday 12 November, 2015 | By: Default Admin | Tags: ABS, labour market, unemployment figures

The Chamber of Commerce and Industry Queensland (CCIQ) welcomes the release of ABS data showing an increase of 12,100 part-time jobs in Queensland during October.

CCIQ Director of Advocacy Nick Behrens said the figures were encouraging after mixed results earlier in the year.

“The encouraging signs in the Queensland labour market today reinforce the latest September Quarter results in the Westpac Group CCIQ Pulse Survey of Business conditions, which showed continued labour market consolidation,” he said.

“The green shoots of growth reflect in a fall in the unemployment rate in Queensland to 6.2 per cent (from 6.3 per cent in September) and will help strengthen consumer and business confidence, boding well for the upcoming peak retail season.

“There is, without doubt, more work to be done with 156,000 Queenslanders still unemployed and the Queensland rate well above the national rate of 5.9 per cent.”

Mr Behrens said it was interesting to note that all the jobs created during October were part-time and there was no change in full-time employment.

“Small businesses appear to be taking a ‘wait and see’ approach to hiring with continued concerns around our outdated taxation and workplace relation systems,” he said.

“CCIQ encourages the State Government to work constructively with the Commonwealth and States to progress, as a matter of priority, comprehensive structural reforms to remove the shackles on small business.”

The Pulse Survey and recent consultations conducted by CCIQ found that Queensland small businesses were increasingly optimistic about their future economic prospects leading into the December Quarter, indicating hopefully a positive turning point for employment in the state.

 

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