Queensland Economic Review April 2008
Labour market
The latest ABS data show that the trend unemployment rate in Queensland fell to 3.5% in March 2008, from 3.6% in February. This represents the lowest monthly rate in over 30 years. Nationally, the trend unemployment rate also fell, to 4.0%. Queensland’s trend unemployment rate has now been lower than the rest of Australia for 45 consecutive months.
Retail turnover
Queensland’s trend nominal retail turnover declined 0.1% for the third consecutive month in February 2008. Despite this easing, the annual rate of growth in Queensland was 7.8% in February, higher than the 6.2% annual growth recorded in the rest of Australia.
Population
Queensland’s estimated population increased 2.2% (or 90,636 persons)to reach 4,201,058 persons over the year to September quarter 2007. This was the strongest rate of growth of any state or territory except for Western Australia, and well above growth in the rest of Australia (up 1.4% or 227,854 persons).
PLUS, IN THIS ISSUE . . .
- Dwelling approvals
- Overseas merchandise exports
- and latest financial and domestic indicators
For Your Information
While interstate migration has historically been the cause of Queensland’s faster population growth relative to the rest of Australia, overseas migration was the largest contributor to population growth in the State over the past year. This month’s FYI article discusses trends of overseas migration and characteristics of overseas migrants to Queensland.
| Release | PDF Size | |
|---|---|---|
| Queensland Economic Review, April 2008 | (575 kB) |
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Last reviewed: Apr 23, 2008, Last modified: Apr 21, 2008
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