Tag Archives: abs

Upcoming panel discussion – End of the mining boom: What’s next?

Posted on April 6, 2015 by Gene Tunny

It’s clear the mining downturn is having significant adverse effects, such as large increases in unemployment in regions that are more dependent on mining, such as the Mackay and Fitzroy regions (see chart above, and also see the Courier-Mail report … Continue reading →

Posted in Macroeconomy, Mining | Tagged , , , , , , , , , , | 1 Comment

Victoria continues to lure Queenslanders

Posted on March 28, 2015 by Gene Tunny

Yesterday I wrote about how net interstate migration to Queensland remains low, and today I’ve had a closer look at the new ABS data, breaking down Queensland’s net gain of 5,942 people over the 12 months to 30 September 2014 … Continue reading →

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Net interstate migration to Qld remains at low levels

Posted on March 27, 2015 by Gene Tunny

Yesterday, the ABS reported (see the media release): Queensland no longer outstripping nation Queensland’s population growth has slowed to its lowest rate in 15 years, according to figures released by the Australian Bureau of Statistics (ABS) today. “The sunshine state’s … Continue reading →

Posted in Population | Tagged , , , , , , , , , , , , | 3 Comments

Cafe culture prevents employment slump

Posted on March 20, 2015 by Gene Tunny

I recall Alan Kohler observing a while ago that everyone is eating out for breakfast on the weekends nowadays. It’s a good thing that people are, from an employment perspective, given that employment growth in cafes, restaurants and hotels has … Continue reading →

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New SUV sales surge – pent-up demand possibly playing a role in pick up in new motor vehicles sales

Posted on March 17, 2015 by Gene Tunny

New motor vehicle sales in Queensland were 4.7% higher in February than in January in seasonally adjusted terms, driven by a surge in SUV sales, which could eventually overtake sales of passenger vehicles (see chart below based on ABS data … Continue reading →

Posted in Macroeconomy | Tagged , , , , , , | 4 Comments

Apartment & townhouse approvals double in January – catch up or over-shoot in supply?

Posted on March 3, 2015 by Gene Tunny

The massive surge in apartment and townhouse approvals in January reported by the ABS today (chart above) is welcome news for the Queensland building industry and people looking to buy or rent an apartment in inner city Brisbane, where much … Continue reading →

Posted in Housing | Tagged , , , , , , , , | 6 Comments

Qld receiving huge economic shock from resources sector capital spending decline

Posted on February 25, 2015 by Gene Tunny

The scale of the negative economic shock Queensland is currently experiencing from the decline in resources sector investment is extraordinary, as revealed by new ABS data on construction work done released today (see chart above, noting “Engineering” covers the heavy … Continue reading →

Posted in Macroeconomy, Mining | Tagged , , , , , , | 1 Comment

One-in-four part-time workers underemployed

Posted on February 24, 2015 by Gene Tunny

Queensland’s relatively weak labour market is reflected not only in the unemployment rate of 6.5%, but in a relatively high rate of underemployment, with around one-in-four part-time workers in Queensland underemployed (i.e. preferring to work more hours than they actually … Continue reading →

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Unemployment much higher in North Qld, Wide Bay, Ipswich and outer Brisbane metro area

Posted on February 20, 2015 by Gene Tunny

The regional dimension to Queensland unemployment is readily apparent from the following unemployment rate maps I’ve produced based on Queensland Treasury’s handy information brief on regional unemployment. Here’s the map for the whole State: My old home town of Townsville … Continue reading →

Posted in Labour market | Tagged , , , , , , , , , | 7 Comments

Don’t panic about unemployment just yet – still below long-run average

Posted on February 13, 2015 by Gene Tunny

I’ve noticed the Courier-Mail is reporting the incoming Government has “been handed a massive headache with new figures showing unemployment rising and Queenslanders dropping out of the job market.” However, yesterday’s figures simply confirmed the labour market has been lacklustre … Continue reading →

Posted in Labour market | Tagged , , , , , , | 11 Comments