Where is Queensland headed? CM was looking at data on the Queensland Treasury’s website and noticed the words “unpublished ABS trade data” which one assumes to be superior to “published ABS trade data.” Hopefully, the boffins at the ABS were happy for this to be released. It is amazing what one can find hidden away in government websites. The question is, do politicians ever bother to look at what drives the economy?
If Queensland politicians want to cut down on the 4-yr high jobless rate, fossil fuels have to be on the cards, regardless of the ideological position of the incumbent Labor government to pander to climate change activism. There is no escaping that coal, gas and minerals will be the mainstay of policy as they account for 80% of the output.
Since Labor Premier Anastasia Palaszczuk took office in 2015, Queensland’s unemployment has breached 6.5% in recent months, back toward levels when she started and the highest on the eastern seaboard. Gross State Product (GSP) has fallen from a 7-yr high of 4.2% annualised to 2.2% in the latest quarterly update.