Tag Archives: unemployment

The Fast Depression – 10 million newly jobless Americans in just two weeks

It is hard to overstate how rapidly economic conditions are deteriorating in economies affected by coronavirus, most particularly in the United States, which is seeing hitherto unbelievable numbers of people filing for unemployment benefits (see chart below). The 6.6 million … Continue reading

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Businesses in “survival mode” says CCIQ Chief Economist Dr Marcus Smith

THis afternoon, I caught up via Zoom with CCIQ Chief Economist Dr Marcus Smith to discuss the extraordinary coronavirus-related developments since we last spoke on Sunday. As Marcus notes early in our conversation, which you can listen to below, things … Continue reading

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COVID-19 response with Nicholas Gruen – latest Economics Explained episode

Despite all the draconian measures already imposed by Australian governments, ABC health expert Dr Norman Swan thinks we still need to do more. Just after I woke up this morning, I heard him on ABC Breakfast suggesting an even wider … Continue reading

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COVID-19 rescue package chat with CCIQ Chief Economist Marcus Smith

In both its scale and scope, the COVID-19 rescue package announced by the Prime Minister and Treasurer this morning is stunning. I spoke with CCIQ Chief Economist Marcus Smith earlier this afternoon regarding what he thinks about the package, and … Continue reading

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COVID-19 & UBI chat on ABC Brisbane radio with Katherine Feeney

I had an interesting conversation this afternoon with 612 ABC Brisbane’s Katherine Feeney about coronavirus and whether Universal Basic Income (UBI) might help people get through coronavirus-induced financial difficulties (from 1.55:20): 612 ABC Brisbane Afternoons with Katherine Feeney, 17 March … Continue reading

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My top ten posts of the 2010s

Since I started Queensland Economy Watch in June 2010, I’ve attempted to cover the changing fortunes of the Queensland economy and state budget as accurately and objectively as possible. It’s been a great experience. I’ve learned a lot and met … Continue reading

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Higher long-term unemployment a marker of Qld’s under-performance relative to rest of Australia

In its 2019-20 Mid-Year Fiscal and Economic Review released in mid-December, the Queensland Government revised down the state economic outlook, with economic growth revised to 2.5%, down from 3%, and the unemployment rate revised upwards to 6.25% from 6% for … Continue reading

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