Tag Archives: abs

Livestream on US inflation, Aussie jobs data, and Qld’s low vax rate

Yesterday afternoon I did my first livestream, covering: the growing concern internationally about accelerating inflation, prompted by the latest US CPI figures; the September ABS Labour Force data revealing big drops in hours worked and workforce participation in the locked-down … Continue reading

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Upcoming Major Projects Forum in Rockhampton on 28 October 2021

I’m thrilled that I’ve been invited to return to present at Capricorn Enterprise’s Major Projects Forum in Rockhampton on Thursday 28 October. Here’s the blurb: The Capricorn Enterprise Major Projects Forum is the premier project forum in the region, covering … Continue reading

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Qld population growth and interstate migration gains in perspective

There is much excitement about Queensland having the highest population growth in Australia at the moment (e.g. see the Courier-Mail report ‘Once in a generation boom’ SEQ investment hits $60 billion), although, of course, population growth rates in Queensland and … Continue reading

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Lockdowns cause hours worked to fall below pre-pandemic levels

In August, according to the latest ABS Labour Force data, total hours worked were well below March 2020 levels in NSW (-11.1%), and they were 2.9% below nationally and 0.9% below in Queensland (see the chart below). Victoria was slightly … Continue reading

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Not quite the Smart State

The business R&D estimates published by the ABS last Friday reminded me of the limited economic impact of successive Queensland Government initiatives such as the Smart State and Advance Queensland, although there have been some successes such as the Biosciences … Continue reading

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Threat of rolling lockdowns and longer border closures damaging business confidence

It’s no wonder many in the Queensland business community are anxious and desperate, as the Courier-Mail is reporting, given the Premier’s apparent abandonment of the national plan on reopening the economy (see Queensland business suffering mental and financial health crisis … Continue reading

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Qld economy should cope better than NSW and Vic. economies, but our tourism regions will suffer badly

The ongoing economic fallout of the Delta outbreak continued this week, regardless of the statistical anomaly, due to people leaving the workforce, that was the reported 4.6% national unemployment rate for July. Queensland had the highest unemployment rate (5.2%) among … Continue reading

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4BC interview on lowest unemployment rate in over ten years

I had a good chat with Scott Emerson on his 4BC Drive program this afternoon about the June ABS Labour Force estimates released today which showed the national unemployment rate falling to 4.9%, the lowest rate since December 2010. The … Continue reading

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RBA would be right to taper its Quantitative Easing program

There’s a nice article by William McInnes in today’s Financial Review, Economists expect RBA to ease stimulus, which begins:  Economists expect Tuesday’s Reserve Bank board meeting to acknowledge the economy’s surprisingly strong recovery and to signal some tapering of its … Continue reading

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Qld’s heavy CAPEX pipeline dominated by public sector projects

First, thankfully the Queensland Government will lift the Brisbane-Moreton lockdown at 6pm tonight, although the threat of future lockdowns remains, making it challenging to plan anything over the next couple of months. I’m really hoping the COVID spread is contained … Continue reading

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