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Blogroll
Tag Archives: unemployment
Livestream on US inflation, Aussie jobs data, and Qld’s low vax rate
Yesterday afternoon I did my first livestream, covering: the growing concern internationally about accelerating inflation, prompted by the latest US CPI figures; the September ABS Labour Force data revealing big drops in hours worked and workforce participation in the locked-down … Continue reading
Posted in Labour market, Macroeconomy
Tagged abs, australia, coronavirus, covid-19, cpi, inflation, jobs, queensland, tourism, unemployment, vaccines
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Good sign the Great COVID Panic will end in Qld soon
A few weeks ago I observed that it took the NRL Grand Final for the Queensland Government to adopt a more rational approach to the pandemic, and now, thankfully, there are further signs of rationality from the Government, with the … Continue reading
Posted in Budget, Macroeconomy
Tagged australia, budget, coronavirus, covid-19, jobs, lockdowns, money, qld, queensland, tourism, unemployment
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Lockdowns cause hours worked to fall below pre-pandemic levels
In August, according to the latest ABS Labour Force data, total hours worked were well below March 2020 levels in NSW (-11.1%), and they were 2.9% below nationally and 0.9% below in Queensland (see the chart below). Victoria was slightly … Continue reading
Posted in Labour market, Macroeconomy
Tagged abs, australia, coronavirus, covid-19, hoursworked, lockdowns, nsw, qld, queensland, unemployment
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Qld economy should cope better than NSW and Vic. economies, but our tourism regions will suffer badly
The ongoing economic fallout of the Delta outbreak continued this week, regardless of the statistical anomaly, due to people leaving the workforce, that was the reported 4.6% national unemployment rate for July. Queensland had the highest unemployment rate (5.2%) among … Continue reading
Posted in Cairns, Macroeconomy
Tagged abs, australia, cairns, covid-19, goldcoast, hoursworked, jobkeeper, lockdowns, nsw, qld, unemployment, victoria
1 Comment
4BC interview on lowest unemployment rate in over ten years
I had a good chat with Scott Emerson on his 4BC Drive program this afternoon about the June ABS Labour Force estimates released today which showed the national unemployment rate falling to 4.9%, the lowest rate since December 2010. The … Continue reading
Posted in Labour market
Tagged abs, australia, coronavirus, covid-19, jobs, qld, queensland, unemployment
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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
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