Queensland is the third largest employing state. Around half the jobs are located in Brisbane and a further 13% are in the Gold Coast area. Over the past five years, Queensland employment has grown by 7.7% (or 178,200 new jobs). The Gold Coast region recorded particularly strong employment growth over the past five years, up by 20.8% (or 57,500 new jobs).
Employment has grown across most industries over the past five years, with Health Care and Social Assistance recording the largest rise (up by 54,800), followed by Education and Training (43,600).
Workers in Queensland are less likely to hold a bachelor degree or higher qualification than the national average, but are more likely to have a Certificate III or higher vocational qualification.
While the age profile for Queensland is similar to the national average, some areas have higher shares of young workers (aged 15 to 24 years), including the Gold Coast and Fitzroy regions.
Current conditions (to January 2019)
Labour market conditions have been relatively soft in Queensland over the past year, with employment increasing by just 0.2% (or 5,600). Full-time employment has risen solidly, up by 31,900 (or 1.9%) over the year, while part-time employment has fallen by 26,400 (or 3.4%).
The state’s unemployment rate has declined marginally over the year, to 6.0% in January 2019, although it remains above the national rate of 5.0%. Moreover, the participation rate in Queensland has fallen by 1.1 percentage points over the year to 65.4% in January 2019, below the national rate of 65.7%.
Conditions for youth in Queensland have improved over the year, with youth employment increasing by 6,300 (or 1.6%), while the youth unemployment rate has declined by 0.5 percentage points to 12.8% in January 2019, although it remains above the national rate of 11.5%.
The short-term outlook for the Queensland economy is relatively positive. The Queensland Treasury has forecast employment growth of 1¾% in 2019-20, while the unemployment rate is expected to be 6% in the June quarter 2020. Over the five years to May 2023, employment in Queensland is projected to increase by 7.0% (similar to the growth projected nationally).
Sources: ABS, Labour Force (trend and annual averages of original data); ABS, Education and Work; Department of Jobs and Small Business, Employment Projections; Queensland Treasury
For more information see lmip.gov.au