Tag Archives: jobkeeper

Qld economy should cope better than NSW and Vic. economies, but our tourism regions will suffer badly

Posted on August 21, 2021 by Gene Tunny

The ongoing economic fallout of the Delta outbreak continued this week, regardless of the statistical anomaly, due to people leaving the workforce, that was the reported 4.6% national unemployment rate for July. Queensland had the highest unemployment rate (5.2%) among … Continue reading →

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

All going down together

Posted on August 13, 2021 by Gene Tunny

What an awful month it’s been so far. For the first time in 12 months, the Gold Coast airport had no flights one day earlier this week, as reported by the Courier-Mail. Businesses across the country are pleading for help. … Continue reading →

Posted in Macroeconomy | Tagged , , , , , , , , | 3 Comments

Here we go again (without JobKeeper) + Cross River Rail looking like an even worse investment now

Posted on June 24, 2021 by Gene Tunny

Firstly, what more can we say about the latest border restrictions other than here we go again, although this time without JobKeeper. Needless to say, this will bring more economic hardship to tourism businesses who need all the trade they … Continue reading →

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Qld and WA leading Australia in business conditions, based on NAB Survey

Posted on May 11, 2021 by Gene Tunny

It’s federal budget day and, at this stage, I’m due to appear on Steve Austin’s 612 ABC Brisbane Drive program after 6pm to talk about how the federal budget is developed, so please tune in if you’re interested. Tonight we’ll … Continue reading →

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Online retail falling away from 2020 highs

Posted on April 24, 2021 by Gene Tunny

The big news on the Australian sharemarket yesterday was the 14% drop in the Kogan share price after a market update revealed a drop in earnings for the online retailer (see chart below). This probably should not have been such … Continue reading →

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Six houses, alike in dignity… not much else – guest post by Brendan Markey-Towler

Posted on March 31, 2021 by Gene Tunny

This guest post by my good friend and fellow Queensland economist Dr Brendan Markey-Towler makes some excellent points regarding Queensland’s economic recovery from the COVID-recession – e.g. consumption spending has been goosed up by government benefits and, apart from in … Continue reading →

Posted in Macroeconomy | Tagged , , , , , , , , , , , , | 2 Comments

Big test ahead for economy & will we regret all the lockdowns?

Posted on March 20, 2021 by Gene Tunny

The latest retail trade figures from the ABS illustrate the challenge the Australian economy faces over the next few months with JobKeeper and the JobSeeker Coronavirus Supplement ending soon. Household disposable incomes have been boosted by all the generous assistance … Continue reading →

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Cairns economy post-JobKeeper – conversation with Pete Faulkner of Conus

Posted on March 13, 2021 by Gene Tunny

Queenslanders are waiting anxiously for the state government’s COVID media conference this morning, to learn what’s happening with the infection of the doctor at the PA Hospital. Let’s hope our authorities take into account the fact the vaccine is being … Continue reading →

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Qld Premier highlights my JobKeeper comments in Instagram post

Posted on March 5, 2021 by Gene Tunny

Thanks to John McCarthy for yesterday’s InQld story picking up my comments in yesterday’s QEW post regarding the need for the federal government to extend JobKeeper in some form for tourism-dependent businesses. John’s story has been noticed and shared by … Continue reading →

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

Posted on March 4, 2021 by Gene Tunny

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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