Tag Archives: abs

Economic Update – US GDP, Gold, and Aussie jobs & CPI

Posted on August 1, 2020 by Gene Tunny

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 →

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Australia’s upcoming mini-Budget

Posted on July 20, 2020 by Gene Tunny

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 →

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Retail rebound in Australia – latest video

Posted on July 4, 2020 by Gene Tunny

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 →

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Aussie unemployment & underemployment video

Posted on June 27, 2020 by Gene Tunny

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 , , , , , , , , , | 2 Comments

True Qld unemployment rate around 12%

Posted on June 22, 2020 by Gene Tunny

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 →

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Official Qld unemployment rate of 7.9% doesn’t tell the full story

Posted on June 19, 2020 by Gene Tunny

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 →

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Jobs coming back as economy reopens

Posted on June 17, 2020 by Gene Tunny

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 →

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Qld jobless rate at 6.8% but effectively over 10%

Posted on May 14, 2020 by Gene Tunny

This afternoon I caught up with Ben Scott, who works as a Research Assistant in my business Adept Economics, to discuss the April Labour Force data published by the ABS today, as well as the possible shape of the eventual … Continue reading →

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State and regional unemployment rates in this time of COVID-19 with Pete Faulkner

Posted on May 8, 2020 by Gene Tunny

Mission Beach-based economist Pete Faulkner from Conus Consulting has been in the news recently with his estimates of the massive adverse impacts that measures to combat coronavirus are having on Queensland’s regional economies (e.g. see the InQueensland report Jobless numbers … Continue reading →

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Catch up on COVID-19 with CCIQ Chief Economist Dr Marcus Smith – Qld budget impact

Posted on April 16, 2020 by Gene Tunny

I caught up with CCIQ Chief Economist Dr Marcus Smith earlier today to chat about the latest economic news and the expected impact of the coronavirus shock on the Queensland state budget. You can listen our conversation here: Highlights of … Continue reading →

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