Friday, January 22, 2016

Regions still losing employment share

Regional employment numbers this week and among issues noted at Queensland Economy Watch was the divergence between SEQ and Regional Queensland: Challenging conditions outside SEQ

SEQ  comprises the Greater Brisbane, Gold Coast and sunshine coast statistical regions. The analysis here is similar to a previous post at Loose Change last August:  Queensland regions skew south east. To update from that post regional as a percentage of Queensland employment:

Source: Conus Trend & ABS

The regional share has fallen to a new low for the series below 30% and is down almost 1.2 percentage points over the past year. Cairns is likely to be an outperformer among the regions in the period ahead but that wont stem a continuing trend decline for the regions relative to SEQ.

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