Tag Archives: fnq

Huge financial sustainability challenges for Qld’s remote Indigenous councils

Queensland’s remote Indigenous councils are facing huge financial sustainability challenges, with the councils typically running large operating deficits, averaging nearly 20 percent of revenue, and running down their asset base to survive (see figure below), according to the Queensland Audit … Continue reading

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Disproportionate numbers of Newstart/Youth Allowance recipients in Far North Qld, Wide Bay-Burnett & Logan

Pete Faulkner’s post Job Seeker data shows little change for Cairns alerted me to the latest data on recipients of Newstart and Youth Allowance (for young job seekers) from the Commonwealth Department of Social Services. These data highlight the ongoing … Continue reading

Posted in Labour market, Uncategorized | Tagged , , , , , , , , , , | 5 Comments

Health, aged care & tourism will generate jobs in Qld at the end of the mining boom

At the end of the mining boom, as capital expenditure plummets (chart above) from an elevated level, and ten thousand new jobs expected in the Galilee basin now appear unlikely, it is probably not surprising that some commentators are getting … Continue reading

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

High insurance costs likely to impede development of Northern Australia

Since Cyclone Yasi, insurance premiums have soared in North Queensland as insurance companies have reassessed the risks of insuring properties in the region. Just how much premiums have increased is illustrated by some figures provided to the Joint Select Committee … Continue reading

Posted in Cairns, North Queensland, Townsville | Tagged , , , , , , | 5 Comments

Growing Chinese visitor numbers great news for Qld tourism

Mission Beach blogger Pete Faulkner has been closely following Chinese visitor numbers, given that many tourism operators, especially in the Far North, are hopeful that Chinese tourism will revive their industry. Regarding yesterday’s new overseas arrivals and departures data from … Continue reading

Posted in Cairns, North Queensland, Tourism | Tagged , , , , , , , , , , , | 4 Comments

Qld unemployment hot spots – Ipswich, Cairns and Wide Bay

I’ve prepared some maps of regional unemployment rates based on last week’s new regional labour force data from the ABS for February 2014 (see below). The figures I’ve used are taken from Queensland Treasury’s information brief, which presents 12-month moving … Continue reading

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Qld Treasury Corporation sees improving economic outlook

The latest Weekly Market and Economics Review for 8 October from Queensland Treasury Corporation (QTC) nicely summarises recent data showing an improving economic outlook across Australia: Last week’s dataflow was generally better than expected and consistent with the recent more … Continue reading

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