Tag Archives: qld

A longer-term perspective on the CAPEX plunge

Posted on August 31, 2015 by Gene Tunny

In a comment on my post from last Friday, regular Queensland Economy Watch reader Jim pointed out that the plunge in capital expenditure (CAPEX) is simply returning Queensland to more normal rates of investment, as was completely expected. Jim suggested … Continue reading →

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

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

Posted on August 28, 2015 by Gene Tunny

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

Is the Queensland economy at a standstill?

Posted on August 18, 2015 by Gene Tunny

I’m unsure if the Queensland economy is at a standstill, as suggested by the federal Treasurer Joe Hockey (see today’s Courier-Mail report), but, at best, it is moving slowly and sluggishly. This has meant the Queensland unemployment rate has remained … Continue reading →

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

Very high youth unemployment in North Qld and Wide Bay region

Posted on August 17, 2015 by Gene Tunny

Young people, many of who may be trying to enter the workforce for the first time, are usually disproportionately affected when the economy slows down. Relatively weak conditions in regional Queensland, which I discussed in my last post, have contributed … Continue reading →

Posted in Labour market | Tagged , , , , , , | 2 Comments

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 →

Posted in Labour market | Tagged , , , , , , , , , , , , | Leave a comment

Great RBA speech highlighting new labour market flexibility and links with NZ labour market

Posted on August 15, 2015 by Gene Tunny

The Queensland Branch of the Economic Society of Australia, of which I’m the Secretary, was delighted yesterday to host a speech by the Assistant Governor (Economic) of the Reserve Bank of Australia Christopher Kent on Adjustments in the Labour Market. … Continue reading →

Posted in Labour market | Tagged , , , , , , , , , , | Leave a comment

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 →

Posted in Labour market, Mining | Tagged , , , , , , , | Leave a comment

ABC News interview on industry assistance

Posted on August 10, 2015 by Gene Tunny

I appeared on Brisbane ABC News tonight, commenting on the Queensland Competition Authority’s new report on Queensland Government industry assistance, and the story has been written up on the ABC News website: Queensland Government will maintain industry assistance measures for … Continue reading →

Posted in Industry policy | Tagged , , , , , , | 10 Comments

Medicare levy hike would not address major problem of vertical fiscal imbalance

Posted on August 4, 2015 by Gene Tunny

The Daily Telegraph today reports some new modelling on the proposed Medicare levy hike undertaken by my old friend and former Queensland resident Ben Phillips, now Principal Research Fellow at NATSEM: Medicare: Levy hike would cost families $2000 a year … Continue reading →

Posted in Tax | Tagged , , , , , , , , | 2 Comments

Could the Commonwealth Treasury please send me my $5,000, rather than sending it to George St?

Posted on August 1, 2015 by Gene Tunny

Queensland Treasury has produced an absolutely cracking set of post-Budget presentation slides, which it has kindly shared with the Economic Society of Australia (QLD), of which I’m the Secretary. The slide deck contains some excellent facts and charts on vertical … Continue reading →

Posted in Budget, Tax | Tagged , , , , , , , | 2 Comments