Tag Archives: unemploymentrate

Unpacking the increase in the unemployment rate since March 2020

Posted on January 24, 2021 by Gene Tunny

In my post last Thursday, I discussed Why Qld’s unemployment rate is highest in nation despite better jobs recovery during pandemic than rest of Australia. I noted a large part of the story was “Queensland’s strong recovery (and over-shooting) in … Continue reading →

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Why Qld’s unemployment rate is highest in nation despite better jobs recovery during pandemic than rest of Australia

Posted on January 21, 2021 by Gene Tunny

When I spoke with Scott Emerson on his 4BC Drive program on Monday (see my Monday QEW post), he asked me how it was that Queensland could possibly have a higher unemployment rate than Victoria given the harsh restrictions they … Continue reading →

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Qld Treasurer was premature in claiming recovery to pre-COVID jobs level

Posted on December 18, 2020 by Gene Tunny

Last month, I dissected the Queensland Treasurer’s bold claim that more Queenslanders are working now than were working pre-COVID (check out my 21 November post). I thought it was a bold claim given a) the substantial sampling error at the … Continue reading →

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Chat with Joe Branigan on LNP’s New Bradfield Scheme and 5% jobless target and Labor’s $600M Council cash splash

Posted on October 21, 2020 by Gene Tunny

Yesterday afternoon I caught up with my good friend and former Treasury colleague Joe Branigan to chat about the upcoming Queensland election, and you can listen to our wide-ranging conversation via the player/link below. Among other issues, we chatted about … Continue reading →

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Aussie unemployment & underemployment video

Posted on June 27, 2020 by Gene Tunny

In my latest video, I expand on my post from last Monday True Queensland unemployment rate around 12% and discuss just how bad the Australian labour market is at the moment. Thanks to those readers who commented on the post … Continue reading →

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

True Qld unemployment rate around 12%

Posted on June 22, 2020 by Gene Tunny

The true Queensland unemployment rate is around 12% rather than the official 7.9%. I’m not suggesting the ABS is being tricky. The ABS is accurately applying the internationally accepted Labour Force Statistics methodology. But we must look beyond the ABS … Continue reading →

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Official Qld unemployment rate of 7.9% doesn’t tell the full story

Posted on June 19, 2020 by Gene Tunny

It’s obvious the official unemployment rate figures from the ABS are understating the true unemployment rate due to large numbers of people having left the labour force, evidenced by the collapse in the workforce participation rate. The official estimates for … Continue reading →

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Qld jobless rate at 6.8% but effectively over 10%

Posted on May 14, 2020 by Gene Tunny

This afternoon I caught up with Ben Scott, who works as a Research Assistant in my business Adept Economics, to discuss the April Labour Force data published by the ABS today, as well as the possible shape of the eventual … Continue reading →

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State and regional unemployment rates in this time of COVID-19 with Pete Faulkner

Posted on May 8, 2020 by Gene Tunny

Mission Beach-based economist Pete Faulkner from Conus Consulting has been in the news recently with his estimates of the massive adverse impacts that measures to combat coronavirus are having on Queensland’s regional economies (e.g. see the InQueensland report Jobless numbers … Continue reading →

Posted in Cairns, Gold Coast, Labour market, Macroeconomy, North Queensland, Townsville, Uncategorized | Tagged , , , , , , , , , , , , | Leave a comment

Catch up with CCIQ Chief Economist on dreadful business conditions & huge budget deficits

Posted on May 2, 2020 by Gene Tunny

Yesterday afternoon I caught up with CCIQ Chief Economist Dr Marcus Smith for a phone interview on the coronavirus-induced recession/mini-depression, and you can listen to the recording here: Highlights include: 3:50 – discussion of forecasts for double-digit unemployment rates in … Continue reading →

Posted in Budget, Cairns, Gold Coast, Macroeconomy, Uncategorized | Tagged , , , , , , , , , , , , , | 2 Comments