Monthly Archives: July 2013

OECD forecasts Australian unemployment rate to remain relatively low

The OECD has released its Employment Outlook 2013, which contains a forecast of a stable, relatively low unemployment rate for Australia at 5.5 per cent and a grim forecast of persistent, high unemployment in the Euro area of over 12 … Continue reading

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Ipswich will play important role in eventual recovery of Qld building industry

With Springfield continuing to grow and a new master-planned community being developed at Ripley Valley, Ipswich will play an important role in the eventual recovery of Queensland’s building industry from its current weak condition. Indeed, residential land data published today … Continue reading

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Tourism sector needs IR reform

You may have noticed how difficult it has become to get a single night’s accommodation during weekends in Australia, particularly via Wotif. And in yesterday’s Sunday Mail I noticed a large advertisement for two night weekend packages by Rydges, and … Continue reading

Posted in IR, Tourism | Tagged , , , , , , | 6 Comments

Productivity Commission study will highlight stamp duty impact on labour market

The Productivity Commission yesterday released the issues paper for its Geographic Labour Mobility study, a study which I expect will highlight the adverse impact of stamp duty on the labour market. Stamp duty on property transactions, which significantly increases the … Continue reading

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Don’t read too much into one month’s unemployment figures – Qld data pretty volatile

Today’s unemployment figures from the ABS confirm a lacklustre economic outlook for Queensland over 2013-14 as the resources sector slows down, but I think it’s too early to conclude we’re heading for anything worse than expected. That is, based on … Continue reading

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Which Qld regions are the most productive per capita?

Based on Queensland Treasury figures published earlier this year (Experimental Estimates of Gross Regional Product), the North West and Mackay regions of Queensland have the highest levels of gross regional product (GRP) per capita, largely due to mining in each … Continue reading

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Greater uncertainty over 2013-14 economic outlook

The last 24 hours have seen the release of a sobering NAB report on its monthly business survey (Business conditions collapse in June, retail worst hit, says NAB) and the latest IMF World Economic Outlook, which has slightly downgraded China’s … Continue reading

Posted in Macroeconomy, Uncategorized | Tagged , , , , , , , , , , , | 4 Comments