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Qld unemployment rises

QUEENSLAND has suffered a loss of jobs over the last three months while NSW and Victoria have recorded gains.

The latest national unemployment figures released today have shown that jobless rates held steady at 5.8% in the June quarter but Queensland has suffered a .3% rise.

The Queensland jobless rate rose to 6.1% from 5.8% while NSW fell to 6.1% from 6.4% and in Victoria it dropped to 5.8% from 6%.

In other figures, South Australia's jobless rate climbed to 5.6% from 5.4%, Western Australia jumped .5% to 5.7% and Tasmania recorded a fall of .5% to 4.1%.

The June national unemployment rate defied forecasts of a .2% rise to a level last seen in mid-2003.

Data released on Wednesday that showed exports climbing and the trade deficit shrinking coupled with a rising Aussie dollar boosted hopes the local economy is withstanding the ravages of the global economic downturn.

But the Rudd Government is remaining cautious and preparing for a potential peak of 8.5% in the unemployment rate by 2011.


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