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Recent Posts
- Gov’t claims police boost “fully funded”, but won’t release full budget forward estimates
- Auditor-General exposes deep flaws in Queensland’s governance
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- Second GC motorway should have been built decades ago – BODBTN extract
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Top Posts & Pages
- Gov’t claims police boost “fully funded”, but won’t release full budget forward estimates
- Heat map of Brisbane metro property prices – big opportunities in the Western corridor?
- Top twenty largest cities and towns in Queensland by population
- Auditor-General exposes deep flaws in Queensland’s governance
- True Qld unemployment rate around 12%
- Quiggin’s Economics in Two Lessons should be on ECON101 reading lists for decades to come
- Qld may see a surge of interstate migrants from Victoria post-COVID
- Top 10 Australian economists of all time
- Which suburbs of Brisbane had the largest increases in unemployment?
- ABC radio interview on Qld state debt & deficits update
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Blogroll
Tag Archives: abs
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
Posted in Labour market, Macroeconomy
Tagged abs, australia, coronavirus, covid-19, economy, gdp, jobkeeper, jobseeker, qld, queensland, wages
2 Comments
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
Posted in Agriculture, Labour market, Mining, Toowoomba
Tagged abs, agriculture, coronavirus, covid-19, employment, jobs, mining, payrolljobs, qld, queensland, unemployment, victoria
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Gold Coast and Inner Brisbane the worst affected Qld regions in employment terms
According to the latest regional payroll jobs data released by the ABS today, in early August employment on the Gold Coast was still 6% below the level it was mid-March, before all the major COVID-related restrictions began (see chart below). … Continue reading
Posted in Brisbane, Gold Coast, Labour market, Macroeconomy
Tagged abs, brisbane, coronavirus, covid-19, employment, goldcoast, hospitality, innercitybrisbane, jobs, payroll, tourism
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Economic Update – US GDP, Gold, and Aussie jobs & CPI
In my latest video, I review the economic news of the past week, including US GDP, the record high gold price, and Australian jobs and CPI data in this time of the COVID-19 second wave. Incidentally, I highly recommended you … Continue reading
Posted in Macroeconomy, Uncategorized
Tagged abs, australia, cpi, economy, gdp, gold, jobs, qld, queensland, unemployment, usa
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Australia’s upcoming mini-Budget
Australian Treasurer Josh Frydenberg will hand down a mini-Budget this Thursday, and it’s coming just in time, given the growing concern over the spread of COVID-19 in Victoria and NSW. I recorded a video earlier today with some thoughts on … Continue reading
Posted in Budget, Uncategorized
Tagged abs, australia, budget, budgetdeficit, consumerconfidence, coronavirus, covid-19, debt, employment, jobkeeper, jobs, jobseeker, melbourne, minibudget, newstart, nsw, victoria, westpac
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Retail rebound in Australia – latest video
My latest video is about the retail rebound revealed by the May Retail Trade data published by the ABS yesterday (Retail turnover rises 16.9 per cent in May). You may also be interested in the Queensland Treasury Retail Trade brief … Continue reading
Posted in Macroeconomy, Retail trade
Tagged abs, australia, bunnings, coronavirus, covid-19, jobkeeper, jobseeker, qldtreasury, queensland, retail, retailtrade, retailturnover, storedj, tourism
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Aussie unemployment & underemployment video
In my latest video, I expand on my post from last Monday True Queensland unemployment rate around 12% and discuss just how bad the Australian labour market is at the moment. Thanks to those readers who commented on the post … Continue reading
Posted in Labour market, Macroeconomy, Uncategorized
Tagged abs, australia, coronavirus, covid-19, jobs, queensland, underemployment, underemploymentrate, underutilisation, unemploymentrate
2 Comments
True Qld unemployment rate around 12%
The true Queensland unemployment rate is around 12% rather than the official 7.9%. I’m not suggesting the ABS is being tricky. The ABS is accurately applying the internationally accepted Labour Force Statistics methodology. But we must look beyond the ABS … Continue reading
Posted in Labour market, Macroeconomy
Tagged abs, australia, coronavirus, covid-19, jobseeker, qld, queensland, underutilisation, unemployment, unemploymentrate
4 Comments
Official Qld unemployment rate of 7.9% doesn’t tell the full story
It’s obvious the official unemployment rate figures from the ABS are understating the true unemployment rate due to large numbers of people having left the labour force, evidenced by the collapse in the workforce participation rate. The official estimates for … Continue reading
Posted in Labour market, Macroeconomy, Uncategorized
Tagged abs, australia, coronavirus, covid-19, jobs, lfs, participationrate, qld, queensland, unemployment, unemploymentrate
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Jobs coming back as economy reopens
The AFR’s Matthew Cranston has nicely summarised the latest payroll data published by the ABS yesterday in his article Job market crawls off floor as recovery begins: The worst appears to be over in the job market with Tax Office … Continue reading
Posted in Labour market, Macroeconomy, Uncategorized
Tagged abs, afr, australia, coronavirus, covid-19, employment, jobs, nsw, payroll, qld, unemployment
2 Comments
