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 12,100 locals on the Sunshine Coast are unemployed.
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 6700 jobs lost on the Sunshine Coast 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 Sunshine Coast had 1200 jobs wiped out in the last month alone, which is the equal worst figure in the state, along with the Gold Coast.
“The youth unemployment rate shot up 1.3% in a year to a staggering 15.3%
“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 the Sunshine Coast 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.”
Sunshine Coast
General
• 6,700 jobs lost YoY
• 1,200 jobs lost MoM (equal worst in the state)
• 12,100 locals unemployed
• Unemployment rate increase 0.6% YoY and 0.2% MoM to 6.3%
Youth
• 4,000 jobs lost YoY
• Youth unemployment rate up 1.3% YoY and 0.9% MoM to 15.3%
Thursday, September 24, 2020
