Tag Archives: resources

Stark difference in unemployment rates between resources regions and rest of Qld

Posted on June 26, 2016 by Gene Tunny

The Queensland branch of the Economic Society of Australia, of which I am the Secretary, was fortunate last Tuesday to host a presentation by Queensland Treasury official Greg Uptin on the economic forecasts underpinning the 2016-17 Queensland Budget. Greg gave … Continue reading →

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Comment in Courier-Mail on volatile Qld jobs data

Posted on March 18, 2016 by Gene Tunny

With the huge volatility in State unemployment rate estimates, demonstrated by the ABS seasonally adjusted estimate of Queensland’s unemployment rate falling from 6.4% in January to 5.6% in February, and the SA rate increasing from 6.8% to 7.7%, the ABS … Continue reading →

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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

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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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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Qld economy hit by declines in both private and public sector capital spending

Posted on March 4, 2015 by Gene Tunny

It was unsurprising that the National Accounts data released by the ABS today showed the Australian economy continuing to grow at a sub-trend rate (2.5% through-the-year), and that Queensland was enduring a large shock from a decline in resources sector … Continue reading →

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Qld Government likely to go into election campaign with weak economy

Posted on November 26, 2014 by Gene Tunny

New ABS data released today show a large drop in engineering construction activity – i.e. the heavy construction activity that has been largely associated with the resources sector in recent years. At the same time as this drop is occurring, … Continue reading →

Posted in Housing, Macroeconomy, Mining | Tagged , , , , , , , , , | 10 Comments

What is the Four Pillars’ share of the Queensland economy?

Posted on August 4, 2014 by Gene Tunny

Last week I noted how Nick Behrens of CCIQ made the good point on Steve Austin’s ABC radio show that the Queensland economy is much more than the so-called four pillars of agriculture, construction, resources (i.e. mining) and tourism. In … Continue reading →

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CPD recommends endowment fund – forgets Qld has projected debt of $80 billion

Posted on February 18, 2014 by Gene Tunny

The Centre for Policy Development’s new report All Boom, No Benefit? Why Queensland needs a new economic strategy ignores some important facts about the Queensland economy and contains some half-baked policy recommendations. The report is getting media attention because it … Continue reading →

Posted in Budget, Mining, Uncategorized | Tagged , , , , , | 7 Comments

Deloitte forecasts huge drop in resources sector construction jobs

Posted on December 17, 2013 by Gene Tunny

I noticed the Mackay Daily Mercury (Investment drought to kill resources-boom building jobs) has picked up an interesting new report from the Australian Workplace and Productivity Agency: Resources Sector Skills Needs 2013. The report contains some interesting projections from Deloitte … Continue reading →

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