Queensland Economic Review July 2008
Labour market
The latest data from the ABS show that in original year-average terms, Queensland’s unemployment rate fell to a 34-year low of 3.7% in 2007-08, from 4.0% in 2006-07. The national unemployment rate also fell in 2007-08, to 4.2%. Employment in Queensland rose 2.8% in 2007-08, slightly stronger than the 2.7% growth recorded nationally.
Retail turnover
The latest ABS Retail Trade data show that in nominal terms Queensland’s trend retail turnover rose 0.3% in May 2008, unchanged from revised growth of 0.3% in April. However, annual growth in Queensland eased for the eighth consecutive month, to 4.8% in May, representing the weakest growth since September 2005.
Population
Queensland’s estimated resident population rose by a strong 0.7% (or 27,840 persons) in December quarter 2007, to reach 4,228,290 persons. In comparison, the population in the rest of Australia rose 0.3% (or 56,894 persons) over the quarter. In annual terms, Queensland’s population increased 2.3% (or 96,901 persons) in the December quarter.
PLUS, IN THIS ISSUE . . .
- Dwelling approvals
- Merchandise trade
- and latest financial and domestic indicators
For Your Information
Growth in global demand for food commodities has generally outpaced growth in global supply in recent years, driving sharp rises in agricultural prices. This month’s FYI examines the main drivers of global food price increases, provides an outlook for prices in 2008-09, and outlines the implications for the Queensland economy.
| Release | PDF Size | |
|---|---|---|
| Queensland Economic Review, July 2008 | (580 kB) |
If you need help with any of the file types above, please see our help page.
Last reviewed: Jul 23, 2008, Last modified: Jul 23, 2008
Other languages