Tag Archives: unemploymentrate

Qld economy not generating enough jobs for uni, VET & school leavers

Market economists do not appear too concerned about the new ABS jobs figures released yesterday showing the national unemployment rate increased to 5.9% in February from 5.7% in January. There is a recognition that there is a lot of noise … Continue reading

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Why the Adani mega mine is welcome news in Townsville

It is welcome news to the local community that Adani will base its Carmichael coal mine headquarters in Townsville , which has struggled with job losses and high unemployment over the last couple of years. The Townsville Bulletin reports: “Townsville … Continue reading

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ABC Regional Drive interview – dubious jobs data another sign ABS is struggling under a tight budget

In its September labour force report, which reported the Australian unemployment rate fell to 5.6% from 5.7% while employment fell by 9,800 (and full-time employment fell 53,000!), contrary to the jobs growth the market was expecting, the ABS more or … Continue reading

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Gig economy and baby boomers easing into retirement would partly explain why jobs growth mostly part-time

The July labour force data released by the ABS yesterday were good news for Australia and Queensland, with the unemployment rate falling in seasonally adjusted terms for both Australia, from 5.8% to 5.7%, and for Queensland, from 6.4% to 6.1%. … Continue reading

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Qld unemployment rate creeps up to 6.5 percent due to ongoing weakness in regions

NAB Chief Economist Alan Oster had a memorable quote regarding the latest NAB Business Survey results published in The Australian yesterday: “West Australia is going backwards, South Australia is in no great shakes and Northern Queensland is just as bad, … Continue reading

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Stark difference in unemployment rates between resources regions and rest of Qld

The Queensland branch of the Economic Society of Australia, of which I am the Secretary, was fortunate last Tuesday to host a presentation by Queensland Treasury official Greg Uptin on the economic forecasts underpinning the 2016-17 Queensland Budget. Greg gave … Continue reading

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Workforce participation drops as Qld economy under-performs

Far North Queensland-based economist Pete Faulkner published a great analysis of the ABS labour force estimates for May on his blog yesterday (Jobs data in Qld is poor again): Unfortunately the picture in Queensland continues to be a weaker one. … Continue reading

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