CQ jobs jump as slump fears fade
RECESSION? What recession?
New statistics show that Central Queensland is leading the way to an economic recovery with thousands of jobs created in the region since September last year.
According to the most recent Australian Bureau of Statistics data, 6700 jobs have been created in the Fitzroy/Mackay area, which spans most of Central Queensland.
Since September 2008, 50,000 Queenslanders have lost their jobs and only 22,500 new positions have been created.
Fitzroy/Mackay figures make up 30% of the total jobs created in Queensland in the last 12 months.
Rockhampton Regional Development CEO Gary Kerr yesterday said he wasn't surprised by the employment figures.
Mr Kerr said a recent project status report for Fitzroy and the Central West region showed there were 402 projects totalling $95 billion currently under investigation and underway.
He said the economy of Central Queensland and specifically Rockhampton was quite resilient.
“The business confidence this year back that up to the extent that not many businesses were looking at putting off employees; many were looking at retaining or expanding,” Mr Kerr said.
“I think it will continue to improve. It certainly won't go back from what we're seeing.”
Director of Research DSEconomics Colin Dwyer said the hardest hit area was the Northern and North West statistical divisions of the State where more than 11,000 jobs were lost.
He said it represented 22% of all jobs lost in Queensland.
South Queensland, which accounts for about 79% of the State's population, has lost more than 16,000 jobs (60% of the State's total job losses).