Tag Archives: unemployment

Penalty rates reform a priority given youth unemployment rate

Posted on April 21, 2014 by Gene Tunny

The Easter long weekend has once again highlighted the adverse impact penalty rates are having on the hospitality sector, with the Courier-Mail reporting restaurants close over Easter as penalty rates see wages skyrocket. I’ve commented before on how penalty rates make it … Continue reading →

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Qld unemployment rate falls slightly to 6.1% – rising participation a good sign

Posted on April 10, 2014 by Gene Tunny

The March labour force data released today by the ABS, showing the unemployment rate falling to 5.8% from 6.1% in February, were good news for the Australian economy, as reflected in the dollar surging and one prominent commentator forecasting an … Continue reading →

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Qld unemployment hot spots – Ipswich, Cairns and Wide Bay

Posted on March 24, 2014 by Gene Tunny

I’ve prepared some maps of regional unemployment rates based on last week’s new regional labour force data from the ABS for February 2014 (see below). The figures I’ve used are taken from Queensland Treasury’s information brief, which presents 12-month moving … Continue reading →

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Reduce youth unemployment through improved regulation – e.g. of penalty rates, taxis

Posted on March 5, 2014 by Gene Tunny

With overall unemployment creeping up to 6%, unemployment among 15 to 24 year olds, which tends to be naturally higher anyway and ends up even higher when the economy slows, has increased to over 15% and has re-emerged as a … Continue reading →

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Removing second-hand car import restrictions could significantly lower car prices

Posted on February 14, 2014 by Gene Tunny

I was happy to learn from a former Canberra colleague yesterday that I’m cited in the Productivity Commission’s January 2014 Position Paper on the car industry, regarding the benefits that would come from removing the restriction on second-hand car imports. … Continue reading →

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Signs are good, but Qld economy not roaring back yet

Posted on December 13, 2013 by Gene Tunny

Paul Syvret in the Courier-Mail today has a good summary of recent positive economic news for Queensland (Queensland economy recovers from GFC with new jobless low of 5.6pc), but I think some of the commentators he interviewed are getting a … Continue reading →

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Qld unemployment rate stable at 6 per cent

Posted on October 10, 2013 by Gene Tunny

The September 2013 labour force data are out, and they show the Queensland unemployment rate is stable at around 6 per cent (see chart below). While high relative to the pre-financial crisis period when unemployment fell below 4 per cent, … Continue reading →

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More on the mining slowdown

Posted on September 24, 2013 by Gene Tunny

I posted last week on how the new ABS labour force data show a slowing in the growth rate of mining employment, but no decline in employment yet, as one might have expected based on reports of job losses at … Continue reading →

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Qld labour market stable, not worsening

Posted on September 13, 2013 by Gene Tunny

The Queensland labour market appears stable based on yesterday’s ABS labour force data (see chart below), confirming my skepticism about the bleak forecast for the Queensland economy reported by the Brisbane Times earlier in the week (Outlook for Qld economy … Continue reading →

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Trend data best guide to Qld labour market – seasonally adjusted figures too volatile

Posted on August 8, 2013 by Gene Tunny

There wasn’t much of great interest in the new ABS Labour Force data for Queensland today. While the seasonally adjusted unemployment rate fell from 6.3 per cent in June to 5.9 per cent in July, I suspect this was just … Continue reading →

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