Home' Employment Forecast : MyCareer Employment Forecast 2010 October Edition Contents Total Jobs
Change in Jobs
Change in Jobs Quarterly
The Queensland economy has been sluggish since the beginning of 2009, but there are now clear signs it is reviving, with
economic growth up 1.6% in the June 2010 quarter. The state has now recorded two quarters of growth after a year of decline in
2009. This has resulted in a welcome return to full time jobs growth with Queensland recording four consecutive months of jobs
growth. Part time jobs growth has slowed, providing a further sign of improvement as employers switch to full time employees.
In a further sign of a better jobs market, unemployment has fallen to 5.4% from a peak of 6.0% in September 2009 when
151,500 people were unemployed. Currently there are 118,800 unemployed in the state. Job vacancies, though, are still well
behind pre-GFC levels.
It must be noted that jobs growth has not been even across the state. Brisbane has been growing jobs for two years, albeit
at a modest rate (currently 1.3% year ended August 2010), whereas some regional areas have really suffered under the GFC.
Nevertheless, even in those zones, the situation is turning around with jobs growing in major coastal areas including the
Sunshine Coast, Gold Coast and Far North Queensland, although the latter is just returning to positive growth.
In terms of the outlook, business employment intentions have continued to grow in Queensland with intentions +10.7 in the June
2010 quarter, well up from the trough of -29 in the March 2009 quarter. This is expected to translate to a stronger jobs market
in 2011 with annual jobs growth reaching 3.2% by August 2011. Although this is much better than 2009, it is still behind the boom
time peak of nearly 6% growth in 2005.
MyCareer Employment Forecast
Queensland has lagged in the job stakes, but is now re-energising jobs growth
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