Category Archives: Macroeconomy

Cairns hoping for reconstruction boost

Posted on June 17, 2011 by Gene Tunny

There is still no good news for Cairns and the Far North from the ABS, as reported by the Cairns Post (Far North Queensland’s unemployment rate tops Australia): THE Far North’s jobless rate is again the highest in Australia after … Continue reading →

Posted in Cairns, Macroeconomy | 1 Comment

State against State

Posted on June 15, 2011 by Gene Tunny

While NSW currently beats us in income per capita ($49,600 vs $45,300), we’re catching up…

Posted in Macroeconomy | Leave a comment

Jobs boom ahead?

Posted on June 12, 2011 by Gene Tunny

The Queensland Treasurer Andrew Fraser today referred to a “jobs boom coming”: Jobs boom ahead, Treasurer promises It’s good the Treasurer is upbeat about our economy – that’s part of his job description – but the employment growth that Queensland … Continue reading →

Posted in Budget, Macroeconomy | Leave a comment

Tourism regions responsible for Queensland’s higher than national average unemployment rate

Posted on June 4, 2011 by Gene Tunny

The downturn in Queensland’s tourism sector is largely responsible for Queensland’s higher than national average unemployment rate. This is reasonably clear from the following chart I prepared based on the ABS Labour Force data released last month. According to my … Continue reading →

Posted in Cairns, Macroeconomy | 1 Comment

Swan says relax about GDP fall, check out this pipeline

Posted on June 1, 2011 by Gene Tunny

Deputy PM-Treasurer Wayne Swan gave an informative press conference on the National Accounts today, noting that the flood-related GDP decline will only be temporary, and there’s a massive pipeline of mining investment on its way. Check out this great chart: … Continue reading →

Posted in Macroeconomy, Mining | 1 Comment

New population projections confirm strong expected growth in Ipswich and Gold Coast

Posted on May 30, 2011 by Gene Tunny

From the new local government population projections which Treasurer Andrew Fraser released yesterday: Ipswich to have fastest growth but Gold Coast to have most growth In the decade to 2021, Ipswich (C) is projected to grow rapidly at a very high … Continue reading →

Posted in Floods, Macroeconomy, Population | Leave a comment

Great charts from OESR showing surges in online retail & mining investment

Posted on May 29, 2011 by Gene Tunny

The Office of Economic and Statistical Research (OESR) in Queensland Treasury released its latest Queensland Economic Review on Friday, and it contains some excellent charts showing surges in domestic online retailing (which is part of ‘other retailing’ in the first … Continue reading →

Posted in Macroeconomy, Mining, Retail trade | Leave a comment

Manufacturing continues its long steady decline

Posted on May 28, 2011 by Gene Tunny

The loss of 160 jobs at Golden Circle’s Northgate plant is obviously terrible news for the workers and their families. Anyone working in the manufacturing sector needs to be aware that the long-run economic trend of de-industrialisation (and a shift … Continue reading →

Posted in Macroeconomy | Leave a comment

Queenslanders not meeting mortgage repayments

Posted on May 26, 2011 by Gene Tunny

In his speech on Recent Financial Developments, Ric Battellino, Deputy Governor of the Reserve Bank of Australia (RBA), observed: Recently, it has been parts of Queensland and Western Australia that have shown a deterioration in loan arrears, albeit from low … Continue reading →

Posted in Housing, Macroeconomy | Leave a comment

$28 per week minimum wage increase would come at bad time

Posted on May 17, 2011 by Gene Tunny

Bundaberg business owners are rightly concerned about the $28 per week increase in the minimum wage sought by the ACTU. From the Bundaberg News Mail: BUNDABERG business owners fear a proposed minimum wage rise of $28 a week could be … Continue reading →

Posted in IR, Macroeconomy | Leave a comment