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The original ABS regional labour force data for Feb, released this morning, allows us to update our own Conus/CBC Staff Selection Trend series. This shows Trend employment growing in Greater Brisbane at a significantly faster pace than across the Rest of QLD. Greater Brisbane has added 72,400 to Trend employment in the year to Feb (at a rate of +5.5% pa) while the Rest of QLD has increased by just 27,900 (a rate of just 2.2% pa).
The Trend unemployment rate in Greater Brisbane is now 4.4% (3.8% s.a.) while in the Rest of QLD it increased slightly this month to 5.0% (4.8% s.a.). The official QLD seasonally adjusted unemployment rate from the ABS was 4.3% in Feb.
Cairns saw an increase of another 1,100 in Trend employment which brings the annual increase to 10,500 (a rate of +8.3% pa) and the unemployment rate remained stable at 4.0% despite a solid pick-up in participation.
The full Conus/CBC Staff Selection Regional Employment Trend & s.a. data is available for download below. Please feel free to use this data but kindly acknowledge Conus/CBC Staff Selection when you do so.
Conus/CBC Staff Selection Regional Employment Trend & s.a. Queensland – Feb 2022
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series