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Queensland Economic Advocacy Solutions

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Latest on Queensland's Labour Market - June 2020

Key points from today's release of unemployment numbers by the Australian Bureau of Statistics for Queensland include:

Queensland's unemployment rate in June 2020 fell from 7.8 per cent to 7.7 per cent and compares nationally to 7.4 per cent. Queensland's underemployment rate (those wanting more hours of work) declined from 11.9per cent to 11.2 per cent. The underutilisation rate (the best indication of unemployment at present) for Queensland is currently 18.9 per cent.

The measured improvement in Queensland's unemployment and underemployment rate are consistent with an increase in the total hours worked across all jobs in Queensland during June 2020. Total hours worked increased by 3.0% to 326.5 million hours.

Whilst Queensland employment increased by 52,935 persons during June 2020 it continues to be down by 158,381 persons compared to February 2020. In addition these numbers reflect JobKeeper payments designed to keep employees in a job. This highlights the JobKeeper scheme's continuing importance and necessity.

 

 

 

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