Tag Archives: townsville

Adani no go would be bitter blow to Townsville

Townsville Mayor Jenny Hill is one of the strongest advocates for the Adani mega mine, and she must now be very worried that the mine will not proceed, and that Townsville will miss out on the mine HQ, FIFO jobs, … Continue reading

Posted in Mining, Townsville, Uncategorized | Tagged , , , , , , , , | 5 Comments

Townsville getting $250M Super Stadium, but running out of water

One definition of economics is that it is the study of the allocation of scarce resources to competing uses. It says each additional dollar should go to the use which provides the greatest additional benefit. As such, it looks very … Continue reading

Posted in Townsville, Uncategorized, Water | Tagged , , , , , | 7 Comments

Comments in Courier-Mail on Qld regional economies and structural change

Today, the Courier-Mail is re-launching its GoQld campaign, this time with a focus on regional economies. It has rightly identified the large divergence in employment growth between SEQ and the rest of Queensland, and it is reporting a loss of … Continue reading

Posted in Labour market, Macroeconomy, Mining, North Queensland, Townsville, Uncategorized | Tagged , , , , , , , , , , , | 3 Comments

Why the Adani mega mine is welcome news in Townsville

It is welcome news to the local community that Adani will base its Carmichael coal mine headquarters in Townsville , which has struggled with job losses and high unemployment over the last couple of years. The Townsville Bulletin reports: “Townsville … Continue reading

Posted in Mining, North Queensland, Townsville, Uncategorized | Tagged , , , , , , , , , , | 3 Comments

Qld should benefit from strong economic performance in NSW and Victoria

The August job vacancies data released by the ABS yesterday confirm the strong economic performance we are seeing in NSW and Victoria, and they also show encouraging signs for Queensland (see charts below). Given national markets and the linkages between … Continue reading

Posted in Labour market, Macroeconomy, North Queensland, Townsville, Uncategorized | Tagged , , , , , , , , | Leave a comment

Good news for the economy as Qld businesses increase investment in machinery & equipment

Despite having some weak regional economies, particularly in the Townsville and Queensland outback regions, the State economy overall recorded reasonably healthy growth in State Final Demand in the June quarter of 0.7 percent in seasonally adjusted terms. This is very … Continue reading

Posted in Macroeconomy, Mining, Uncategorized | Tagged , , , , , , , , | 4 Comments

Townsville’s double digit unemployment rate signifies major downturn in region

Yesterday afternoon I had a good chat with Pat Hession on Townsville ABC Radio about the latest discouraging unemployment data for my old home town of Townsville. Readers will be familiar with the vastly different economic conditions across Queensland (see … Continue reading

Posted in Labour market, Townsville, Uncategorized | Tagged , , , , , | 17 Comments