Our state in a position of good growth

IT’S been a big month for energy and the economy in Queensland.
The Premier announced the Queensland and Energy and Jobs Plan, the most ambitious vision of any government in Australia. Through $62 billion of investment over more than a decade, the plan aims to shape Queensland as a renewable energy superpower.
The Energy Plan shows how government, and the private sector can make the most of our existing resources, build new infrastructure and meet the challenges of energy security and climate change.
Critically, the Energy Plan will support jobs and help households to ease the cost of living, building on existing initiatives like the $175 power bill rebate. We can be confident that the Energy Plan’s ambition is built on strong economic foundation.
Queensland’s strong credit rating has tangible implications for our community here in Logan.
In September, the New York based Standards & Poor rating agencies confirmed Queensland’s credit rating as AA + (Stable).
This rating is an endorsement of the state’s financial standing and stability. Keeping Queensland’s credit rating strong means that the state is better placed to meet its borrowing obligation and meet the needs of Queenslanders now and into the future.
Queensland’s economic standing was further recognised in the recent unemployment rate data. Labour Force data released by the Australian Bureau of Statistics showed that in August, Queensland recorded its lowest ever unemployment rate – 3.2% – since the series began in 1978.
The same figures Queensland has added the most full-time jobs of any state or territory since the start of the pandemic, with the lowest unemployment rate among the eastern states.
Logan has been leading the way when it comes to job creation, adding 19,000 jobs over the past 12 months. While these figures are very positive, we remain committed to driving growth and giving all Queenslanders access to good jobs, better services and a great lifestyle.