Nearly four out of every 10 full-time jobs created in Australia over the past 12 months occurred in Queensland, Treasurer Terry Mackenroth claims.
The Deputy Premier says the
ABS data released yesterday shows the state's trend unemployment rate dropped to 6% in May - the lowest in 22 years - while the seasonally adjusted rate dipped to 5.7%, slightly above the national rate of 5.5%.
"The last time we had a trend unemployment rate this low was when Brisbane hosted the Commonwealth Games back in May 1982," he says.
"Importantly, a remarkable era of employment growth has made these great figures possible.
"Our extraordinary job creation has clearly exceeded the strong labour force growth we have been experiencing over a sustained period in Queensland."
Mackenroth says full-time employment has been the real success story.
"Queensland accounted for 70,900 of the 185,600 full-time jobs created in Australia over the past 12 months," he says.
"That's a whopping 38%, nearly double our population share."
Queensland created 4,300 jobs in May alone, he notes.
"Recent encouraging figures coming out of
job advertisement trends , which is normally a pretty reliable form guide for future employment growth, suggest more good news is yet to come heading into a new financial year," he says.
"For instance, Queensland recorded strong monthly growth (1.6%) in the number of job advertisements in May an clearly outstripped the national average (0.5%) in this important indicator."