Tag Archives: mining

Big divide between SEQ and rest of Qld in jobs growth

Posted on August 16, 2015 by Gene Tunny

Looking at the data in Queensland Treasury’s latest briefing on regional employment, it appears that the bulk of jobs growth that is occurring in Queensland is occurring in the South-East, particularly on the Gold Coast, and many parts of regional … Continue reading →

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Private sector earnings stagnate in Qld at end of the mining boom

Posted on August 14, 2015 by Gene Tunny

New ABS data released yesterday show that average weekly ordinary time earnings in the Queensland private sector fell slightly, by 0.4 per cent, through-the-year to May 2015, no doubt associated with the loss of high-paying jobs in the resources sector … Continue reading →

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Qld Treasurer confirms Govt’s immense fiscal challenge with royalties write down of $3 billion

Posted on June 24, 2015 by Gene Tunny

I wasn’t surprised when Treasurer Curtis Pitt today revealed there would be a write down in mining royalties of $3 billion over the Budget forward estimates (i.e. 2015-16 to 2018-19), due to both lower prices and volumes than previously forecast … Continue reading →

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Cafe culture & tourism helping Qld endure end of mining boom

Posted on June 19, 2015 by Gene Tunny

May 2015 employment-by-industry data published by the ABS yesterday confirm some points I’ve been making for the last couple of months (see chart above), particularly that Queensland is enduring the shock from the end of the mining boom relatively well, … Continue reading →

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Mining leads fall in private sector capital expenditure – Qld technical recession may extend into 2015

Posted on May 29, 2015 by Gene Tunny

The technical recession Queensland experienced in late 2014 may extend into early 2015 based on new ABS data showing the large drop in mining investment from its extraordinarily high levels has continued into the March quarter of 2015 (see chart … Continue reading →

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Qld losing economic State of Origin at the moment

Posted on May 27, 2015 by Gene Tunny

On the day of the first State of Origin game for 2015, it seems timely to reflect on Queensland’s recent economic performance relative to NSW. Alas, it has not been great, with Queensland actually recording a slight loss of jobs … Continue reading →

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End of the mining boom – speech notes and slides

Posted on May 5, 2015 by Gene Tunny

In Brisbane today, in the theatre of Morgans Financial Limited, along with Griffith’s Tony Makin and Morgans’ Michael Knox, I spoke on “The end of the mining boom”, at an event organised by Griffith’s APEC Study Centre. My slides are … Continue reading →

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Residential building will help economy adjust to end of mining boom

Posted on May 4, 2015 by Gene Tunny

March quarter building approvals figures released by the ABS today show that the residential building industry, no doubt encouraged by very low interest rates,  will help the economy adjust to the end of the mining boom (see the Queensland data … Continue reading →

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Qld coal exports decline of 5.5% big contributor to total exports decline

Posted on April 7, 2015 by Gene Tunny

Lower coal prices have translated into a decline in the value of Queensland’s coal exports (by 5.5% in the year to February 2015), contributing to a 1.6% decline in the value of Queensland’s total commodity exports over the same period … Continue reading →

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Upcoming panel discussion – End of the mining boom: What’s next?

Posted on April 6, 2015 by Gene Tunny

It’s clear the mining downturn is having significant adverse effects, such as large increases in unemployment in regions that are more dependent on mining, such as the Mackay and Fitzroy regions (see chart above, and also see the Courier-Mail report … Continue reading →

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