Monthly Market Review September 2024

Posted on Wednesday, October 9, 2024 by EditorNo comments

A Surge in Opportunities and Skills Development

The job market in Central Queensland (CQ) continues to experience consistent growth, driven by ongoing infrastructure developments, the rise of renewable energy projects, and a concerted effort from local councils to address critical workforce needs. With regional events and milestones shaping the month of September, there has been a noticeable shift in how industries and local stakeholders are approaching employment challenges and opportunities.

Employment Trends in September

According to the latest Australian Bureau of Statistics (ABS) data, Queensland’s unemployment rate stood at 4.2% in August 2024. While the data for September is yet to be released, the state unemployment figure has remained fairly steady over the last 12 months. Central Queensland remains a key contributor to the state’s economy, with job vacancies seeing a growth rate of 2.2% in the past quarter, particularly in sectors like construction, renewables, and hospitality.

The Careers for Net Zero QLD Roadshow recently held in Gladstone further highlighted the region's efforts to address the skills gap by promoting opportunities in renewable energy and net-zero projects. This initiative plays a vital role in positioning Central Queensland as a future leader in clean energy, with demand for skilled workers set to increase as projects like the proposed wind farm move forward.

Boost in Renewables: Jobs and Training

One of the most significant recent developments is Queensland's unveiling of a $15 million renewable energy training facility, to be based in Rockhampton. The state government is pushing for workforce readiness in sectors such as hydrogen production, solar, and wind energy. With a focus on green technologies, this new facility will play a pivotal role in training workers for upcoming renewable energy projects in Central Queensland, including large-scale wind farms that are set to create hundreds of new jobs.

Local Councils Advocate for Housing and Jobs

Central Queensland’s housing market and infrastructure also play a crucial role in supporting the workforce. During a recent trip to Brisbane, the Central Queensland Regional Organisation of Councils (CQROC) advocated for critical reforms related to housing affordability and job creation. With regional populations increasing, ensuring adequate housing and infrastructure has become a priority, particularly for key sectors such as construction and renewable energy.

CQROC’s focus on affordable housing and job creation is particularly timely as the region faces ongoing pressure from population growth. This initiative emphasises that without sufficient infrastructure, including housing, the economic potential tied to these emerging industries may be hindered.

Local Networking and Business Growth

The Gladstone Chamber of Commerce and Industry (GCCI) plays an important role in recognising the region’s entrepreneurial spirit and last month announced the finalists for their Best in Business awards. The awards, which celebrate local innovation and business growth, spotlight how Central Queensland continues to foster a thriving small business community. These businesses not only provide essential goods and services but are also vital job creators in the region.

Furthermore, the LinkedIn Local Gladstone 5th birthday event brought together professionals across various industries to network and discuss emerging trends in the local economy and business environment. These bi-monthly events foster relationships that help individuals and businesses thrive, with many participants citing the LinkedIn Local event as an excellent way to learn about local opportunities and career development in a rapidly changing market.

Renewable Energy: A Key Driver of Employment

As the global push for sustainability gains momentum, Central Queensland is positioning itself at the forefront of Australia’s renewable energy revolution. Projects such as the government’s investment in training facilities, will be crucial in driving job creation over the next decade.

The local commitment to renewable energy projects is already bearing fruit, with jobs in sectors like solar and wind energy becoming increasingly accessible to locals. This shift is a significant win for Central Queensland, ensuring that the region remains competitive and attractive to both employers and skilled workers.

Addressing Challenges and Moving Forward

Despite the positive trajectory, Central Queensland faces its fair share of challenges. The growing demand for affordable housing and infrastructure remains an issue, particularly in areas where large-scale projects are ramping up. The ongoing efforts of local councils, as seen in CQROC’s advocacy, aim to alleviate some of these pressures by seeking federal support for affordable housing solutions. Ensuring that the region can accommodate its growing workforce will be critical to maintaining its economic growth.

The employment landscape in Central Queensland is one of transformation. With emerging industries and a strong focus on skills development, the region is poised for continued growth. However, collaboration between local governments, businesses, and the workforce is essential to ensure the long-term sustainability of this growth. Central Queensland has an exciting future ahead, with opportunities across multiple sectors set to define the region’s next chapter.

Jobs in Central Queensland offer a holistic approach to your recruitment and talent attraction requirements. For more information and insights about local job opportunities and recruitment support visit JobsinCentralQueensland.au

 

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