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Blogroll
Tag Archives: unemployment
COVID compared with wartime economic impacts – my latest podcast episode
The latest episode of my Economics Explored podcast features a conversation on whether COVID can be compared to wartime. The episode considers the different scales and scopes of the shocks, and what it all means for prospects for economic recovery. In … Continue reading
Posted in Labour market, Macroeconomy
Tagged australia, bankofengland, coronavirus, covid, covid-19, debt, fed, gdp, money, production, rba, stimulus, unemployment, usa, wartime, worldwar2, ww2
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JobMaker appears poorly targeted – great analysis from ex-Senator John Black
Former Queensland Labor Senator and Executive Chairman of Education Geographics John Black has a great article on his website arguing We told you so…JobMaker misses the real target. Recall that JobMaker is the federal government’s hiring credit for newly engaged … Continue reading
Posted in Uncategorized
Tagged abs, ato, coronavirus, covid-19, employment, jobmaker, jobs, olderworkers, payrolljobs, unemployment, youth
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Qld has highest unemployment rate, but we’ve actually coped with COVID-shock better than most states
Queensland once again has the highest unemployment rate in Australia (7.7% compared with a national average of 6.9%), as revealed by the September Labour Force Survey data released by the ABS yesterday, but we need to be careful in jumping … Continue reading
Posted in Labour market, Macroeconomy
Tagged abs, australia, coronavirus, covid-19, jobs, qld, queensland, underemployment, unemployment
1 Comment
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
6 Comments
