Tag Archives: abs

Why Qld’s unemployment rate is highest in nation despite better jobs recovery during pandemic than rest of Australia

When I spoke with Scott Emerson on his 4BC Drive program on Monday (see my Monday QEW post), he asked me how it was that Queensland could possibly have a higher unemployment rate than Victoria given the harsh restrictions they … Continue reading

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Bulk of coal mining jobs in Central Qld, but Brisbane has 2-3K

Last Wednesday, I was pleased to note that the Chinese ban on Australian thermal coal appears to have had little impact so far (check out Pick up in thermal coal prices over last month). This is good news especially for … Continue reading

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Qld Treasurer was premature in claiming recovery to pre-COVID jobs level

Last month, I dissected the Queensland Treasurer’s bold claim that more Queenslanders are working now than were working pre-COVID (check out my 21 November post). I thought it was a bold claim given a) the substantial sampling error at the … Continue reading

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Aussies over-confident after being over-compensated by Gov’t for COVID-recession

Today we learned that, as Reuters reports, Australia consumer sentiment hits 10-year high (see chart above). This is despite Chinese trade restrictions and the looming insolvency tsunami in the new year and the fiscal cliff in April 2021. Sure, given … Continue reading

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

Bold claim from Qld Treasurer: more Queenslanders working now than pre-COVID restrictions

Queensland Treasurer Cameron Dick has made a bold claim, which I disagree with, that more Queenslanders are working now than were working pre-COVID. The Treasurer’s claim is based on the October Labour Force data published by the ABS on Thursday, … Continue reading

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JobMaker appears poorly targeted – great analysis from ex-Senator John Black

Former Queensland Labor Senator and Executive Chairman of Education Geographics John Black has a great article on his website arguing We told you so…JobMaker misses the real target. Recall that JobMaker is the federal government’s hiring credit for newly engaged … Continue reading

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Qld has highest unemployment rate, but we’ve actually coped with COVID-shock better than most states

Queensland once again has the highest unemployment rate in Australia (7.7% compared with a national average of 6.9%), as revealed by the September Labour Force Survey data released by the ABS yesterday, but we need to be careful in jumping … Continue reading

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Campaigning pollies recognise importance of resources sector to Qld economy

The Guardian Australia’s Queensland correspondent Ben Smee has a nice summary of our Premier’s first week of election campaigning in his article on the Queensland paradox, whereby politicians have to appeal to voters in both Townsville and Toowong: The premier, … Continue reading

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Deep recession to be quantified in June qtr National Accounts released tomorrow

Age/SMH Senior Economics Correspondent Shane Wright has written a great summary of the business indicators data released yesterday by the ABS: An economy like 2016 as sales and wages collapse. The business indicators data are pieces of the jigsaw puzzle … Continue reading

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Mining & Ag have partly shielded several Qld regions from COVID shock

As shown in my post on the latest payroll jobs data from the ABS, the regions which have fared the best in Queensland since the COVID-related economic crisis began in March are Toowoomba and Central Queensland, likely due to the … Continue reading

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