Queensland’s job prospects improved last month
If you've been eyeing a move to property in Burpengary East for a while, then the latest employment figures could be just what you need to reach that final decision.
The Australian Bureau of Statistics (ABS) revealed that as national unemployment fell, Queensland's did the same. In fact, thousands of new jobs were added over the course of May, improving the prospects for anyone thinking about moving to the state.
"In trend terms we added 6,200 full-time jobs last month," commented Queensland treasurer Curtis Pitt.
"Job creation will always be this government's number one priority and there's no doubt we're heading in the right direction."
Seasonally-adjusted ABS figures showed that unemployment fell from 6.6 per cent to 6.3 per cent across Queensland in May. This made it the second-largest fall in the entire country, bringing good news to would-be residents of Burpengary property.
Earlier this month, the state government announced that it would be offering payroll incentives to businesses to encourage them to employ trainees and apprentices. Any employer who hires new staff in either of these categories will be eligible for a 25 per cent payroll tax rebate on another worker.
The scheme is designed to help address youth unemployment, while improving the skills of the Australian workforce for future generations. Businesses will be able to make the most of the rebate from 1 July this year, and it will be applicable to the 2015-16, 2016-17 and 2017-18 financial years.
"Queensland has a highly competitive payroll tax regime with a low payroll tax rate of 4.75 per cent and a relatively high $1.1million exemption threshold," Mr Pitt noted.
He emphasised that these latest changes would give managers an incentive to grow their companies, while also investing in the skills of young people. This will be crucial for ensuring the state's economy remains competitive for years to come.