Tag Archives: unemploymentrate

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

Thoughts on Jackie Trad’s interview by Steve Austin on Qld economy

Posted on October 30, 2019 by Gene Tunny

CommSec’s latest State of the States report which was released Monday reported Queensland in fifth position among Australia’s eight states and territories. On Monday afternoon, 612 ABC Brisbane’s Steve Austin interviewed Deputy Premier-Treasurer Jackie Trad on the state of the … Continue reading →

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Bad economic news keeps coming – declining job vacancies & inverted US yield curve

Posted on March 25, 2019 by Gene Tunny

The federal Department of Jobs and Small Business published its February 2019 internet job vacancies data last week, and it revealed a continuation of the downward trend in job vacancies, which were 5.5% lower in Queensland and 4.0% lower nationally … Continue reading →

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

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 →

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

612 ABC Brisbane radio interview on Qld having nation’s highest unemployment rate

Posted on November 16, 2018 by Gene Tunny

Yesterday I had an enjoyable chat with Steve Austin on his 612 ABC Brisbane Drive program about the latest ABS Labour Force estimates, which, as I reported in yesterday’s post, revealed Queensland is the only state with an unemployment rate … 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 →

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 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 →

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

National jobless rate may be lowest in 7 years, but Qld’s is ½ percentage pt higher than in 2011-12

Posted on October 18, 2018 by Gene Tunny

The Australian’s Friday front page was emailed out earlier tonight, and it reports “Jobless rate at lowest in seven years.” This may be the case for Australia, but it’s not so for Queensland, where the unemployment rate is stuck around … Continue reading →

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Qld economy continues to under-perform

Posted on September 29, 2018 by Gene Tunny

The Queensland economy continues to under-perform relative to the NSW and Victorian economies. In my post earlier this month, I noted that the Queensland economy remains lukewarm. Economic conditions are much stronger in NSW and Victoria than in Queensland, as … Continue reading →

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