Thursday, September 24, 2020
On the back of shocking unemployment figures last week which showed Queensland had the second worst unemployment rate in the nation, the latest regional data released today revealed Toowoomba has the worst youth unemployment rate in the state at 27.2%.
Queensland’s unemployment rate of 7.5 per cent was worse than Victoria, which is in Stage 4 lockdown.
Across the state there are 197,500 jobseekers on the unemployment queue and locally 5200 locals are unemployed in Toowoomba, an increase of 1900 in the last year under Labor.
LNP Deputy Leader and Shadow Treasurer Tim Mander said Labor had no Budget and no plan for Queensland’s economic recovery.
“Queensland had the nation’s worst unemployment rate before the coronavirus began, as well as the highest number of bankruptcies and the lowest business confidence,” Mr Mander said.
“Because Labor can’t manage the economy, nearly 200,000 Queenslanders are out of work while others have given up looking for a job as participation rates fall – bucking the national trend.
“The youth unemployment rate in Toowoomba jumped by 16% which is the worst increase in the state.
1,500 people were added to the youth unemployment queue in 12 months.
“Labor are flying blind through the biggest economic crisis in almost a century.
“Only one party can provide the economic leadership Queensland needs.
“The LNP’s Economic Recovery Agency will coordinate a program of works and kickstart major stimulus projects across the state and create jobs as part of a 100-day action plan.
“We will back job-creating projects that secure local jobs and boost regional economies.
“The LNP will start work on the drought-busting New Bradfield Scheme, invest in dams, roads and rail infrastructure to create jobs and we will guarantee no new taxes.
“The LNP’s economic plan will create a decade of secure jobs and get Toowoomba working again.
“Only the LNP has a plan to stimulate the economy, create a decade of secure jobs and drag Queensland out of this recession.”
- Unemployment rate increase 2.6% YoY and 0.1% MoM
- 5,200 locals unemployed – 1,900 more YoY and 200 more MoM
- 1,500 added to the unemployment queue YoY, an increase of 137.6%
- Unemployment rate increase 16.0% YoY to 27.2% (worst increase and worst rate in the state)