Tag Archives: unemployment

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

Posted on March 22, 2020 by Gene Tunny

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

Posted on March 17, 2020 by Gene Tunny

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

Posted on December 31, 2019 by Gene Tunny

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

Posted on December 30, 2019 by Gene Tunny

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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Deloitte’s weird definition of “strong employment growth” for Qld

Posted on December 1, 2018 by Gene Tunny

I was surprised when I read Deloitte’s latest commentary on the Queensland economy, as reported by the Courier-Mail on Thursday (Jobless rate hides Qld’s economic success story), because the commentary makes little sense: QUEENSLAND’S economy is performing strongly despite the country’s … Continue reading →

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My comments in “Liberal bloodbath” Diplomat article

Posted on November 30, 2018 by Gene Tunny

Brisbane-based writer Anthony Fensom has written an excellent article at The Diplomat titled Liberal Bloodbath Repels Australian Voters in which he quotes me among other commentators: Similarly, economist Gene Tunny said the 2019 result was already a foregone conclusion, despite … Continue reading →

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Qld only state/territory with 6%+ unemployment rate

Posted on November 15, 2018 by Gene Tunny

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 →

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

Posted on October 23, 2018 by Gene Tunny

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 →

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Qld regional unemployment rates facet wrap via R

Posted on September 20, 2018 by Gene Tunny

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 Gene Tunny

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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