Tag Archives: labourmarket

Qld labour market stable, not worsening

Posted on September 13, 2013 by Gene Tunny

The Queensland labour market appears stable based on yesterday’s ABS labour force data (see chart below), confirming my skepticism about the bleak forecast for the Queensland economy reported by the Brisbane Times earlier in the week (Outlook for Qld economy … Continue reading →

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Trend data best guide to Qld labour market – seasonally adjusted figures too volatile

Posted on August 8, 2013 by Gene Tunny

There wasn’t much of great interest in the new ABS Labour Force data for Queensland today. While the seasonally adjusted unemployment rate fell from 6.3 per cent in June to 5.9 per cent in July, I suspect this was just … Continue reading →

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Productivity Commission study will highlight stamp duty impact on labour market

Posted on July 12, 2013 by Gene Tunny

The Productivity Commission yesterday released the issues paper for its Geographic Labour Mobility study, a study which I expect will highlight the adverse impact of stamp duty on the labour market. Stamp duty on property transactions, which significantly increases the … Continue reading →

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How were job losses shared across Qld Government agencies?

Posted on April 1, 2013 by Gene Tunny

An article in the Financial Review this morning (Government jobs growth masks softer employment market) prompted me to examine the Queensland public service data more closely. Given the significant Queensland public service (QPS) job cuts over the last nine months, … Continue reading →

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RBA confirms QRC analysis – resources sector spends mega bucks domestically

Posted on February 21, 2013 by Gene Tunny

The RBA has released an excellent though technically demanding research paper on Industry Dimensions of the Resources Boom, which has received coverage in today’s Australian (Mining spreads work to 500,000). The RBA analysis confirms the analysis conducted by Reuben Lawrence … Continue reading →

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Compelling evidence of robust recovery in Far North Qld

Posted on February 2, 2013 by Gene Tunny

Cairns and the broader Far North Queensland (FNQ) economy appeared to be in a lot of trouble in the immediate post-financial crisis period, as a result of a large decline in tourism and an over-supply of housing and commercial property … Continue reading →

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People marginally attached to the labour force behind participation rate movements

Posted on January 26, 2013 by Gene Tunny

In the early 2000s, when Queensland’s unemployment rate seemed permanently stuck around 1-2 percentage points above the national average, it was common for Premier Beattie and Employment Minister Braddy to note that our relatively higher participation rate placed us at … Continue reading →

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Brisbane metro labour market in bad shape

Posted on January 24, 2013 by Gene Tunny

According to ABS regional labour force data, the latest batch of which was released today, the rise in Queensland’s unemployment rate over 2012 was driven by a weakening labour market in the Brisbane metro area – a deterioration which was … Continue reading →

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Qld’s sluggish labour market persists – unemployment at 6.2% (compared with 5.4% nationally)

Posted on January 17, 2013 by Gene Tunny

The Queensland unemployment rate was recorded at 6.2% (seasonally adjusted) in December 2012, up slightly from 6.1% in the previous month. The number of unemployed persons has increased to nearly 154,000, compared with 130,000 twelve months previously. The result is … Continue reading →

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Disappointing vacancies data support Treasury’s very low employment growth forecast for 2012-13

Posted on January 9, 2013 by Gene Tunny

In the Mid Year Fiscal and Economic Review 2012-13 released last month, Queensland Treasury revised down its forecast of 2012-13 employment growth from a weak 0.75% to a very weak 0.25%. The ABS job vacancies data released today lend support … Continue reading →

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