Tag Archives: australia

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 →

Posted in Labour market, Macroeconomy | Tagged , , , , , , , , , | 6 Comments

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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Gender pay gap recap – latest podcast episode

Posted on June 18, 2020 by Gene Tunny

Andrew Leigh MP’s Inequality Bites video Underpaid & Over It prompted me to have another look at the gender pay gap in my latest Economics Explained podcast episode. Resources mentioned in the episode include: Blau and Kahn JEL article on … 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 →

Posted in Labour market, Macroeconomy, Uncategorized | Tagged , , , , , , , , , , | 2 Comments

Seven Habits podcast discussion

Posted on June 11, 2020 by Gene Tunny

In the latest episode of my podcast, I discuss one of my all-time favourite books, Stephen Covey’s 7 Habits of Highly Effective People, with regular podcast guest Tim Hughes. I focus on the relevance of the 7 Habits to economists. … Continue reading →

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Economic update: US jobs & Australian PBO fiscal projections

Posted on June 8, 2020 by Gene Tunny

I’ve recorded a video covering the May US jobs data, which have been greeted very positively by the markets despite the data showing only a small rebound*, and the Australian Parliamentary Budget Office’s rather pessimistic projection of an additional $620 … Continue reading →

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Picking winners – industry policy podcast chat with Craig Lawrence

Posted on June 5, 2020 by Gene Tunny

With the Queensland Government willing to invest $200 million in Virgin Australia to keep its HQ in Brisbane, I thought it would be timely to record a podcast interview on investment attraction and industry policy more broadly. On Tuesday, I … Continue reading →

Posted in Industry policy, Uncategorized | Tagged , , , , , , , , , , , | 2 Comments

Big question now is how long and how deep the recession will be

Posted on June 3, 2020 by Gene Tunny

The March quarter National Accounts released by the ABS today suggest Australia will have two consecutive quarters of negative economic growth in the first half of 2020, and hence the traditional definition of a recession will be satisfied. That said, … Continue reading →

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