Tag Archives: unemployment

Qld only state/territory with 6%+ unemployment rate

Posted on November 15, 2018 by

The Queensland economy continues to under-perform based on the latest ABS Labour Force estimates released this morning. The state unemployment rate is stuck at 6.2% (in trend terms) while the national rate fell to 5.1% in October from 5.2% in … Continue reading →

Posted in Labour market, Macroeconomy, Uncategorized | Tagged , , , , | 1 Comment

Unemployment rates in Qld and rest of Australia: breaking down the contributions of different age groups

Posted on October 23, 2018 by

Higher unemployment among young Queenslanders than their peers in southern states, as well as a higher proportion of 15-19 year olds in the labour force, account for a large part of the difference between Queensland’s unemployment rate, stuck at just … Continue reading →

Posted in Labour market, Uncategorized | Tagged , , , , , , | 2 Comments

Qld regional unemployment rates facet wrap via R

Posted on September 20, 2018 by

Queensland is such a large and diverse state, with regional economies having vastly different drivers of growth (e.g. tourism in Cairns, mining in Mackay), that it’s often hard to get a sense of how different parts of the state are … Continue reading →

Posted in Cairns, Labour market, Mackay, Migration, Mining, Townsville, Uncategorized | Tagged , , , , , , | Leave a comment

My comments in Morningstar article on Australia’s “27-year economic winning streak”

Posted on June 30, 2018 by

One frequently quoted economic fact I think is a bit dubious is that Australia has had a record breaking expansion of 27 years. Although Australia avoided a technical recession (by not having two successive quarters of declining real GDP) during … Continue reading →

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Disproportionate numbers of Newstart/Youth Allowance recipients in Far North Qld, Wide Bay-Burnett & Logan

Posted on February 20, 2018 by

Pete Faulkner’s post Job Seeker data shows little change for Cairns alerted me to the latest data on recipients of Newstart and Youth Allowance (for young job seekers) from the Commonwealth Department of Social Services. These data highlight the ongoing … Continue reading →

Posted in Labour market, Uncategorized | Tagged , , , , , , , , , , | 5 Comments

Qld’s economic outlook for 2018

Posted on January 12, 2018 by

CCIQ’s Joseph Kelly has published a nice note titled Business 2018 examining the outlook for Queensland business in 2018, in which he suggests “2018 has all the elements to be the year for business.” Factors that will boost Queensland’s economy … Continue reading →

Posted in Macroeconomy, Uncategorized | Tagged , , , , , , , , , , , | 1 Comment

Michael Knox on why the RBA won’t hike interest rates any time soon

Posted on December 20, 2017 by

In today’s Financial Review, economics correspondent Jacob Greber observed: The RBA has gone more than seven years now without raising interest rates, the longest span since the official cash rate was introduced in the early 1990s. Indeed, on Melbourne Cup … Continue reading →

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