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Queensland Economic Advocacy Solutions

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Strike action - where, when and why

Latest data from the Australian Bureau of Statistics reveals Queensland lost 25,300 working days in 2018 due to industrial action. 

Queensland has more working days lost per 1,000 employees than both NSW and Victoria.  However this should be placed in context against the fact that current day…

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A hint on the FWC’s increase to the National Minimum Wage for 2019-20

Each year the Fair Work Commission (FWC) is responsible for reviewing and setting minimum wages for employees as part of an annual wage review.  The Commission issues a decision for the national minimum wage (NMW) and for pay rates for all 122 modern awards, which comes into operation on 1 July for …

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Queensland wages are growing not declining

There will over the coming weeks and months be considerable scrutiny on wage levels in Australia as the Fair Work Commission’s Annual Wage Review for 2018-19 kicks off. This process adjusts the National Minimum Wage and the rates of pay for Australia’s 122 modern awards.

At present everyone…

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A GDP per capita recession is nonsense

Talk of a 'GDP per capita recession' is complete nonsense – not because it is statistically not the case but because it has little to no context relevance.

When the national accounts were released this week Australia’s GDP per capita (that is GDP per head of population) in seasonally adjusted t…

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The BNE 2025 projects represent a renaissance opportunity for Brisbane

Over the next five years Brisbane will experience a once in a generation level of investment in new major projects on a scale that no-one will have seen before not even for Expo 88.

Between now and 2025, our State’s capital city is being transformed by major construction projects worth approx…

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Latest Queensland Wages Growth

Wages growth for Queensland's private sector is now slowly starting to ramp up. Latest data by the ABS reveals:

  • Queensland wages grew by 2.3% across 2018 and compares to the decade average rate of 2.8%. National wages growth across 2018 was also of 2.3%;
  • This compares to latest inflation num…

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Queensland Business Numbers Continue to Rise

The ABS have released their Counts of Queensland Businesses including entries and exits and the story in the main is a positive one for Queensland in 2017-18. 

Key points include:

  • Queensland's business population continues to increase. There are now 448,725 businesses operating in Queensla…

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Queensland Labor Market Summary - January 2019

Key points from the Australian Bureau of Statistic's labour market numbers for Queensland in January 2019 include:

  • Queensland's unemployment rate remains unchanged at 6.1% in trend terms and is down from 6.1% to 6.0% seasonally adjusted.
  • Nationally the unemployment rate remains unchanged a…

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Latest Reserve Bank of Australia economic forecasts - February 2019

The Reserve Bank of Australia have released their latest Statement of Monetary Policy which contains forecasts for the Australian Economy over the next several years.  This Statement received widespread media coverage - whilst the RBA's monetary policy stance remains neutral, the next adjustment…

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Imprisonment for mistakes in payrolls is a step too far

“Employers found to be deliberately or recklessly engaging in wage theft could find themselves in jail, after the Palaszczuk Government accepted in principle making wage theft a criminal offence following a Parliamentary Inquiry.”

Source: Queensland Government Media Release

This is one…

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Can the three tiers of Government finally work together: the SEQ City Deal

Residents of SEQ are always banging on about how the different tiers of government can never work together to fix the things that desperately need fixing. Well that may well change with the Coalition Government seriously considering supporting the SEQ City Deals proposition.

City Deals are long-…

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Does Queensland have a debt problem?

At the end of 2018 when the Mid-Year Fiscal and Economic Review (MYFER) was released there was considerable debate over whether Queensland has a debt problem.  So to kick off 2019 I thought QEAS might have a look at this important issue. It is an important issue because if we leave debt to spiral …

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QEAS response to the Financial Services Royal Commission

A brief summary for business:

According to Commissioner Hayne the chief protection for small business borrowers has for some time been, and remains, the Banking Code.  Among other things, the Banking Code provides that, if a lender is considering providing a borrower ‘with a new loan, or an incre…

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Modest increase in Brisbane CPI for the December Quarter 2018

Brisbane's CPI rose by a modest 0.5 per cent in the December Quarter 2018 and by 1.5 per cent over the year to the December quarter 2018.  This increase is down from the 1.8 per cent in the 12 months to the September quarter 2018. Given that there is correlation between economic activity and the …

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Queensland labour Market Summary - December 2018

There are five main points to note about Queensland's labour market for the month of December 2018:

  1. Queensland’s unemployment rate was steady at 6.2% in trend terms and down from 6.3 to 6.1% seasonally adjusted. Compares to 5.0% nationally (both trend & seasonally adjusted);
  2. Queensland has…

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Pipeline Projects for Queensland's Economic Future

Building Queensland has published its latest Infrastructure Pipeline Report detailing the work occurring across Queensland Government assessing major infrastructure projects.

The Infrastructure Pipeline Report presents Building Queensland’s independent, expert view of priority infrastructure prop…

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Queensland Mid-Year Fiscal and Economic Review 2018-19

The Queensland Mid-Year Fiscal and Economic Review 2017-18 has been released providing an update on the State's economic and fiscal position since the State Budget delivered in June of this year.  

Key points include:

  • The surplus has been revised upwards from $148 million to $524 million i…

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Is Queensland out of step with our increasing public service headcount?

There has been a lot of talk this year about growth in public sector numbers in Queensland.  With the Mid-year Fiscal and Economic Review (MYFER) to be delivered this week QEAS takes a look at this important topic. 

This issue tends to focus on growth across years (longitudinal comparison).  W…

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Queensland's Domestic Economy - September Quarter 2018 Update

Latest ABS data confirms Queensland's domestic economic growth has now peaked and is falling away which has considerable implications for future employment growth in the Sunshine State.

In trend terms, our domestic economy grew by only 0.1 per cent in the September quarter and in seasonally adju…

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Queensland's productivity continues to rise in 2017-18

QEAS has previously had a very close interest in Queensland productivity given the profound importance it has for the economy and living standards. Productivity measures the efficiency with which combined labour and capital inputs are transformed into product or service outputs which is called ‘m…

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20 blog posts