Tag Archives: abs

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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Surge in new houses and reno’s offset by slump in non-residential construction in Qld

The ABS’s preliminary estimates of construction activity for March quarter are discouraging for Queensland, with an overall fall of 1.7% since December quarter in seasonally adjusted terms (see chart below). In contrast, construction work done increased by 2.4% nationwide. NSW … Continue reading

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The indicators look great, but the recovery is very uneven across the economy

In the vicinity of my office at the Johnson Hotel on Boundary St, Spring Hill, I see the ongoing impacts of the pandemic on the economy. The hotel restaurant-cafe Tumbling Stone hasn’t reopened since it shut in March last year, … Continue reading

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Travel bubble great news for Qld’s 200,000 NZ-born

As Queensland Premier Palaszczuk pointed out yesterday on social media following the announcement of the travel bubble with New Zealand, Queensland has the largest number of NZ-born people in Australia. Indeed, according to the 2016 Census, Queensland had 201,200 NZ-born … Continue reading

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Recovery has been better than expected (especially in Qld), but let’s see what happens when JobKeeper ends

Whoever looks after the Queensland Premier’s Instagram account is a social media grandmaster (e.g. see the post below). The regular reminders of the imminent end of JobKeeper on 28 March are contributing to pressure on the federal government to implement … Continue reading

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Pick up in net internal migration to regional Qld

Yesterday’s post covered the surge in net interstate migration to Queensland during the pandemic. The surge reflects: a) departures from Queensland to other states falling a lot (by 16% in September quarter 2020 compared with September quarter 2019), which could … Continue reading

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A closer look at the surge in net interstate migration to Qld in September quarter 2020

Earlier this week, Queensland Deputy Premier Steven Miles was excited by the latest interstate migration data from the ABS, as reported by the Brisbane Times: Queensland’s acting Premier has pointed to migration data showing a surge in new residents as … Continue reading

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Most houses approved in one month in Qld since time of high interstate migration in 90s

The Housing Industry Association was quick to proclaim Detached Building Approvals Reach Record High after the ABS published the December building approvals data today. “Detached building approvals” are approvals for houses, as opposed to approvals for apartments or townhouses. Obviously, … Continue reading

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