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Recent Posts
- Gov’t claims police boost “fully funded”, but won’t release full budget forward estimates
- Auditor-General exposes deep flaws in Queensland’s governance
- Defence should never have been on the Qld-NSW border in the first place
- Second GC motorway should have been built decades ago – BODBTN extract
- Red tape and regulation – CIS On Liberty podcast
Top Posts & Pages
- Gov’t claims police boost “fully funded”, but won’t release full budget forward estimates
- Top twenty largest cities and towns in Queensland by population
- Heat map of Brisbane metro property prices – big opportunities in the Western corridor?
- Top 10 Australian economists of all time
- True Qld unemployment rate around 12%
- Auditor-General exposes deep flaws in Queensland’s governance
- Quiggin’s Economics in Two Lessons should be on ECON101 reading lists for decades to come
- Cross River Rail cost blowout means project doesn’t stack up
- Qld may see a surge of interstate migrants from Victoria post-COVID
- Which suburbs of Brisbane had the largest increases in unemployment?
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Blogroll
Tag Archives: unemployment
Mining & Ag have partly shielded several Qld regions from COVID shock
As shown in my post on the latest payroll jobs data from the ABS, the regions which have fared the best in Queensland since the COVID-related economic crisis began in March are Toowoomba and Central Queensland, likely due to the … Continue reading
Posted in Agriculture, Labour market, Mining, Toowoomba
Tagged abs, agriculture, coronavirus, covid-19, employment, jobs, mining, payrolljobs, qld, queensland, unemployment, victoria
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Chief Medical Officers should make their value judgements clear and Premiers shouldn’t just defer to them
The Australian Institute for Progress ran an excellent webinar last night, on the economic response to the pandemic, featuring prominent Australian businesswoman and former ACT Chief Minister Kate Carnell and Griffith University Economics Professor Tony Makin. It’s certainly a good … Continue reading
Posted in Macroeconomy
Tagged australia, coronavirus, covid-19, economics, isoughtproblem, publichealth, qld, queensland, unemployment, victoria
3 Comments
The Deficit Myth and Modern Monetary Theory – latest podcast episode
I’ve recorded some thoughts on Stephanie Kelton’s best-selling book The Deficit Myth which is popularising so-called Modern Monetary Theory: The Deficit Myth and Modern Monetary Theory – initial views In my recorded conversation with my Adept Economics colleague Ben Scott, … Continue reading
Posted in Budget, Macroeconomy
Tagged australia, balancesheet, banks, bonds, centralbank, crowdingout, debt, deficits, economics, economy, fed, fiatmoney, inflation, mmt, modernmonetarytheory, money, qe, quantitativeeasing, rba, unemployment, usa
2 Comments
Economic Update – US GDP, Gold, and Aussie jobs & CPI
In my latest video, I review the economic news of the past week, including US GDP, the record high gold price, and Australian jobs and CPI data in this time of the COVID-19 second wave. Incidentally, I highly recommended you … Continue reading
Posted in Macroeconomy, Uncategorized
Tagged abs, australia, cpi, economy, gdp, gold, jobs, qld, queensland, unemployment, usa
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Challenges of Economic Forecasting in the COVID-19 Pandemic with Prof. Rodney Strachan from UQ
The Brisbane south side COVID-cases and the Queensland Government’s declaration of greater Sydney as a COVID-hot spot are bad news for Queensland’s economy. Around the world, public health measures and public anxiety related to COVID-19 are causing huge swings in … Continue reading
Posted in Macroeconomy
Tagged coronavirus, covid-19, econometrics, economics, employment, fed, finance, forecasting, gdp, pandemic, statistics, unemployment, var
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Qld’s regional economies & COVID-19 – video chat with Pete Faulkner
Earlier today I chatted with Pete Faulkner from Far-North-Queensland-based Conus Business Consultancy Services regarding how Queensland’s regional economies have been impacted by COVID-19. Check out the recording of our Zoom conversation below. You can download the slides we chatted about … Continue reading
Posted in Brisbane, Cairns, Labour market, Mackay, Macroeconomy, Migration, Mining, North Queensland, Population, Tourism, Townsville, Uncategorized, Wide Bay-Burnett
Tagged australia, bundaberg, cairns, coronavirus, covid-19, fnq, gdp, goldcoast, jobs, northqld, nq, portdouglas, qld, queensland, unemployment, widebayburnett
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True Qld unemployment rate around 12%
The true Queensland unemployment rate is around 12% rather than the official 7.9%. I’m not suggesting the ABS is being tricky. The ABS is accurately applying the internationally accepted Labour Force Statistics methodology. But we must look beyond the ABS … Continue reading
Posted in Labour market, Macroeconomy
Tagged abs, australia, coronavirus, covid-19, jobseeker, qld, queensland, underutilisation, unemployment, unemploymentrate
4 Comments
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
Posted in Labour market, Macroeconomy, Uncategorized
Tagged abs, australia, coronavirus, covid-19, jobs, lfs, participationrate, qld, queensland, unemployment, unemploymentrate
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Jobs coming back as economy reopens
The AFR’s Matthew Cranston has nicely summarised the latest payroll data published by the ABS yesterday in his article Job market crawls off floor as recovery begins: The worst appears to be over in the job market with Tax Office … Continue reading
Posted in Labour market, Macroeconomy, Uncategorized
Tagged abs, afr, australia, coronavirus, covid-19, employment, jobs, nsw, payroll, qld, unemployment
2 Comments
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
Posted in Labour market, Macroeconomy, Uncategorized
Tagged abs, australia, employment, jobs, participationrate, qld, queensland, unemployment, unemploymentrate
4 Comments
