Media Release.
Shadow
Treasurer Curtis Pitt has slammed the LNP’s record on jobs, with new
data showing employment growth in Queensland currently at its slowest
since Australia
was in recession in 1990-1991.
Figures
from the Budget papers and the Office of Statistical and Economic
Research show employment growth of 1/4% in 2012-13 is the lowest level
since it
flat lined in 1990-1991 (see below).
“The
LNP’s plan to sack thousands of workers and drive up taxes for families
and businesses has resulted in an unemployment rate of 6.4%,” Mr Pitt
said.
“This decade high is more than the peak in unemployment during the global financial crisis."
“But
new data from the Office of Statistical and Economic Research shows
that employment growth in Queensland is at its lowest level since the
national recession
in the early 1990’s."
“In
that period we’ve seen the Asian financial crisis, the tech wreck,
September 11, the GFC and a multitude of natural disasters, but not
until Campbell
Newman and the LNP has come to power has employment growth in
Queensland fallen to the same levels as the last recession."
“The most tragic element is that behind these statistics are Queenslanders that have either lost their job or can’t get a job."
“After
inheriting an economy growing at 4% and an unemployment rate of 5.5%,
growth has now slowed and the unemployment rate is the highest in
mainland Australia."
“No
amount of Campbell Newman spin can hide the fact that the LNP’s
policies have taken the sledgehammer to jobs growth in Queensland.”
|
Financial year
|
Employment growth (annual change)
|
|
||
|
Queensland
|
Australia
|
|
|
|
|
— % —
|
||||
|
1990–91
|
–0.0
|
–0.6
|
|
|
|
1991–92
|
0.8
|
–1.9
|
|
|
|
1992–93
|
2.8
|
–0.0
|
|
|
|
1993–94
|
3.2
|
1.9
|
|
|
|
1994–95
|
5.6
|
4.0
|
|
|
|
1995–96
|
2.5
|
2.6
|
|
|
|
1996–97
|
1.4
|
1.0
|
|
|
|
1997–98
|
3.4
|
1.6
|
|
|
|
1998–99
|
2.6
|
2.0
|
|
|
|
1999–00
|
1.6
|
2.1
|
|
|
|
2000–01
|
1.8
|
2.1
|
|
|
|
2001–02
|
2.5
|
1.2
|
|
|
|
2002–03
|
4.0
|
2.5
|
|
|
|
2003–04
|
3.4
|
1.7
|
|
|
|
2004–05
|
5.4
|
2.8
|
|
|
|
2005–06
|
4.0
|
2.9
|
|
|
|
2006–07
|
4.8
|
3.1
|
|
|
|
2007–08
|
3.0
|
3.1
|
|
|
|
2008–09
|
2.8
|
1.7
|
|
|
|
2009–10
|
0.6
|
1.1
|
|
|
|
2010–11
|
1.9
|
2.5
|
|
|
|
2011–12
|
1.3
|
1.1
|
|
|
|
2012–13
|
0.3
|
1.2
|
|
|
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