Unemployment to rise and businesses to fail as a result of Queensland floods

By David Olsen · 13 January 2011 · News

Unemployment to rise and businesses to fail as a result of Queensland floods

Queensland Floods: A Perfect Storm for Economic Devastation

The devastating Queensland floods have left a trail of destruction, but the worst may be yet to come. Find out how the disaster could unleash a crippling wave of unemployment and business failures.

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Summary

Not only have the Queensland floods devastated whole communities with water damage and loss of life, but predictions are that affected communities will be hit by an increase in unemployment followed by skills shortage as people rebuild forcing hundreds of small businesses to close.