The Australian Bureau of Statistics (ABS) data shows Queensland has recorded its lowest-ever unemployment rate since the series began in 1978.
The 3.2 per cent unemployment rate recorded in August beat the previous record of 3.3 per cent set 14 years ago in August 2008.
Treasurer and Minister for Trade and Investment, Cameron Dick said even by Queensland’s high standards this was a great result.
“There are now 214,700 more Queenslanders in work than there were in March 2020. Pleasingly, 178,700 of those jobs, or 83 per cent, are full-time,” Mr Dick said.
“That means Queensland has added the most full-time jobs of any State or Territory since the start of the pandemic, with our unemployment rate now the lowest of the Eastern States.”
Unemployment fell by 0.5 per cent from July to August while an extra 1,400 jobs were created in August.
Mr Dick said the record low unemployment rate was just the latest in a series of ABS media releases underlining the strength of the Queensland economy.
Queensland’s State Final Demand (an aggregate measure of the economic production of goods and services by the State’s domestic economy) rose one per cent in the June quarter, to be four per cent higher over the year.
This was 9.1 per cent above the pre-COVID level in the March quarter, and remains stronger than the rest of Australia.
Mr Dick said Queensland merchandise exports totalled $123 billion in the year to July, a doubling from the previous year to be the highest on record.
