Tag Archives: participationrate

Official Qld unemployment rate of 7.9% doesn’t tell the full story

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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Qld jobless rate at 6.8% but effectively over 10%

This afternoon I caught up with Ben Scott, who works as a Research Assistant in my business Adept Economics, to discuss the April Labour Force data published by the ABS today, as well as the possible shape of the eventual … Continue reading

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Thoughts on Jackie Trad’s interview by Steve Austin on Qld economy

CommSec’s latest State of the States report which was released Monday reported Queensland in fifth position among Australia’s eight states and territories. On Monday afternoon, 612 ABC Brisbane’s Steve Austin interviewed Deputy Premier-Treasurer Jackie Trad on the state of the … Continue reading

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Why is Australia’s workforce participation rate at a record high of 66.1%?

The first episode of the new season of Utopia on the ABC featured the Intergenerational Report, which projects an eventual reduction in the workforce participation rate due to an ageing population. At the moment, however, Australia’s participation rate is actually … Continue reading

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Qld can no longer blame a higher participation rate for its higher unemployment rate

Queensland has typically had a higher unemployment rate than the national average, and for many years this has been attributed by some commentators to Queensland having a higher workforce participation rate (and proportionately more people wanting to work).[1] But Queensland’s … Continue reading

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Deloitte’s weird definition of “strong employment growth” for Qld

I was surprised when I read Deloitte’s latest commentary on the Queensland economy, as reported by the Courier-Mail on Thursday (Jobless rate hides Qld’s economic success story), because the commentary makes little sense: QUEENSLAND’S economy is performing strongly despite the country’s … Continue reading

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Workforce participation drops as Qld economy under-performs

Far North Queensland-based economist Pete Faulkner published a great analysis of the ABS labour force estimates for May on his blog yesterday (Jobs data in Qld is poor again): Unfortunately the picture in Queensland continues to be a weaker one. … Continue reading

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Discouraged workers have moderated rise in unemployment rate since March 2012

In my post last week How many jobs needed to be created over the Qld Government’s first term?, I compared the actual job creation rate of 1,400 per month with the rate of 2,200 per month that would have been … Continue reading

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Qld unemployment rate falls slightly to 6.1% – rising participation a good sign

The March labour force data released today by the ABS, showing the unemployment rate falling to 5.8% from 6.1% in February, were good news for the Australian economy, as reflected in the dollar surging and one prominent commentator forecasting an … Continue reading

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Are baby boomers ruining the careers of Gen Xers?

There was a story in News Ltd papers yesterday regarding how “job-hogging boomers don’t know when to quit” and how this potentially has adverse consequences for the businesses they work in and the next generation of employees. While it’s certainly … Continue reading

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