Tag Archives: abs

Remarkable turnarounds for Townsville, Mackay, and Cairns

In my upcoming Brisbane Club presentation on Tuesday, one chart I’ll show is of selected Queensland regional unemployment rates, highlighting how the economic recovery generally and a booming mining sector have translated into some extraordinarily low unemployment rates in some … Continue reading

Posted in Cairns, Labour market, Mackay, Townsville | Tagged , , , , , | Leave a comment

Qld gaining nearly 1,000 people per week from interstate – new yearly (50k) & quarterly (19k) records

It’s been an extraordinary day of news for Queensland today, with:  a) record net interstate migration over a twelve-month period of just over 50k, and record quarterly net interstate migration of 19k in December quarter 2021, revealed in the ABS’s … Continue reading

Posted in Migration | Tagged , , , , | 2 Comments

Qld hospitality sector has had stronger recovery than NSW and Victorian sectors

Earlier this month, Queensland Airports boss Amelia Evans was reported by the Courier-Mail as saying that travel was bouncing back strongly. Queensland Airports operates the Gold Coast, Townsville, Mount Isa, and Longreach airports, so Ms Evans would have a good … Continue reading

Posted in Macroeconomy | Tagged , , , , , , , , , | 2 Comments

Qld & Australia exporting lower volumes but earning more, due to higher coal and iron ore prices

The pandemic and China’s trade restrictions have no doubt had some adverse effects on commodity volumes exported from Queensland, but super high commodity prices, associated partly with the war in Ukraine, have more than offset those impacts when it comes … Continue reading

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Japan is Qld’s top export destination once again, but only by a small margin

Thanks to the Japanese Ambassador for highlighting that Japan has overtaken China to return to being the top destination for Queensland exports, as Japan was for several decades prior to 2013 (see the chart below including data up to April … Continue reading

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Qld has outperformed rest of Australia this decade so far

The May Labour Force data released by the ABS yesterday confirmed Queensland has outperformed the rest of Australia over the last couple of years. My view is that this is due to a range of factors including a surge in … Continue reading

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Super-high coal royalties to help address Qld hospitals crisis

As I predicted earlier this month (see John McCarthy’s 13 May InQld article), the Queensland Government will be boosting health spending in the upcoming budget to deal with the hospitals crisis, and to a large extent it’s able to do … Continue reading

Posted in Budget, Labour market, Macroeconomy | Tagged , , , , , , | 2 Comments

Unemployment and state budgets update

On Monday, I appeared on the 612 ABC Brisbane Radio Drive program (from 2:09:00) to chat with Kelly Higgins-Devine about how we estimate the unemployment rate, a matter of interest that day obviously due to the Opposition Leader being unable … Continue reading

Posted in Budget, Labour market, Macroeconomy | Tagged , , , , , | 2 Comments

Housing lending remains at super high levels

First, my thoughts go out to all those affected by the recent flooding in Queensland and northern NSW. The intensity of the rainfall was extraordinary – in Brisbane, 80% of a full year’s rain in a few days reportedly. While, … Continue reading

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Inflation & interest rates chat with 4BC’s Scott Emerson

Yesterday afternoon I had a quick chat with Scott Emerson on his 4BC Drive program about the accelerating CPI inflation revealed by the ABS yesterday (see chart above) and what it means for interest rates, with bank chief economists now … Continue reading

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