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Today’s Conus/CBC Staff Selection Regional Employment Trend data allow us to take a look at what is happening across Queensland with regard to the split between Greater Brisbane and the Rest of Queensland; and what it shows us is that the regions are currently doing rather better than the capital.
The July Trend data shows employment in Greater Brisbane lifted just 1,700 in July (at a pace of 1.7% y/y) while the Rest of Queensland added 2,700 (at 2.6% y/y). The Trend unemployment rate remained largely unchanged at 6.2% in Greater Brisbane (actually increased from 6.18% to 6.22%) while the rate in the Rest of Queensland fell to 6.1% (actually 6.17% to 6.12%); the Trend rate in Queensland was stable at 6.1%.
Of the 52,700 increase in Trend employment in Queensland in the past year the Rest of Queensland has accounted for 31,800.
However, the capital has done better when we consider full time employment. Full time positions across the State have lifted by 39,400 in the past 12 months with Greater Brisbane racking up 23,800 of those. Employment growth in the regions may be relatively firm but, unfortunately, much of it is coming from part time, rather than full time, work.
What the chart below makes clear is that there currently exists a large gap between Greater Brisbane and the Rest of Queensland when it comes to full time employment; a gap that until 2015 rarely existed, and when it did tended to favour the regions rather than the capital. The end of the mining investment boom, and the massive impact it had on jobs in regional Queensland, is the obvious answer to what happened.
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series