Economic Policy Forum

The purpose of the blog is to provide a central source of information on the South Australian economy. In addition to providing updates on the latest economic data released for South Australia, the blog provides commentary on economic and social issues of relevance to South Australia and Australia, information on upcoming events, and insights into the latest research undertaken by SACES.

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Latest from the Economic policy forum

SME's and young workers face significant COVID-19 lockdown challenges

Nearly a quarter of jobs in South Australia are in sectors such as hospitality, transport, and retail trade which are not suited to working from home and have been hard hit during the pandemic. As a consequence, the young, less educated and casual employees are particularly vulnerable during the current crisis. There is a need for the Federal Government to re-examine the JobKeeper program to ensure that it best suits the coming emergent economy.

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To the rescue: opportunities for connecting council procurement and social enterprise

SACES has released a report which provides a toolkit for councils wishing to explore procurement strategies in order to achieve better social outcomes for residents, local communities and local business. It suggests steps that councils can take to identify social procurement opportunities and social suppliers of goods and services that councils procure. Methods for estimating the added value of social procurement are also described.

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SA small businesses bearing costs of late payments by big business

A recent pilot survey provides insight into the challenges that South Australian SMEs face in being paid on time.

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How COVID-19 may impact employers and employees in the longer term

In today’s article, Darryl Gobbett, Research Fellow of SACES, identifies some key issues that employers, the self-employed and employees may encounter as the Australian economy emerges from the COVID-19 lockdown.

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Data Wrap - Employment falls sharply in response to COVID-19

The Australian Bureau of Statistics job numbers for April show that employment activity contracted sharply across Australia in response to social distancing and other shutdown measures that were introduced to slow the spread of COVID-19.

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Data Wrap - SA labour market weak prior to COVID-19 impact, consumer confidence plunges

Today’s labour force survey figures showed little impact from COVID-19 restrictions. Among the other topics we explore in today’s expansive Data Wrap include consumer confidence, home lending activity, merchandise exports, retail sales, and employment within the renewable energy sector.

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Data Wrap - national business confidence falls to record low

In today’s Data Wrap we review the latest ABS survey on the business impacts of COVID-19, and consider other leading indicators of economic activity which provide insight into the national economic impact of coronavirus, including the NAB’s latest business surveys and the Australian Performance of Manufacturing Index.

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Data Wrap - labour market conditions relatively stable prior to coronavirus impact

In today's edition of the Data Wrap, we review the latest labour market and population growth data for South Australia and consider recent national data on consumer confidence and retail sales which provide insight into the emerging impact of coronavirus on economic activity.

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Data Wrap - GDP beats expectations, but conditions in South Australia remain weak

In this edition of the Data Wrap we review today's Gross Domestic Product figures. We also recap the latest outcomes for South Australia in respect of building approvals, resources exploration activity, and price inflation faced by the local government sector.

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Bushfires and weather hurt SA tourism activity, while coronavirus dampens the outlook

Eighty per cent of South Australian tourism businesses were impacted by the recent summer bushfires, with a slight majority (51 per cent) reporting they have been impacted to a moderate or significant extent, the December 2019 quarter edition of the SA Tourism Barometer report shows.

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Data Wrap - labour conditions still weak despite fall in unemployment

In this edition of the SA Data Wrap: a fall in unemployment hides ongoing labour market weakness; still no improvement in wage growth; and overseas arrivals data indicates inbound tourism held up well in December prior to the expected impact of bushfires.

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Data Wrap - some positive signs for new housing activity, but retail sales disappoint

In today’s Data Wrap we review several indicators that are relevant to the building sector, including lending activity, building approvals and office vacancy rates, and consider the latest retail sales data.

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Data Wrap - unemployment steady at end of 2019, but employment falls

In the first Data Wrap of 2020, we review today’s labour force figures, and briefly recap other key statistical releases from recent weeks which provide insight into various aspects of South Australia’s recent economic performance.

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Slower economic growth predicted for 2019/20 and further interest rate cuts will not help

South Australian economic growth will be much slower in 2019/20 as a consequence of the slowdown in the national economy becoming entrenched and the global economy losing further momentum, according to the latest Economic Briefing Report from SACES.

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Expect problem gambling to worsen under reforms

Giving gamblers ready access to cash and allowing electronic gaming machines to accept banknotes will only worsen the situation for problem gamblers in South Australia.

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Data Wrap - retails sales remain sluggish as confidence declines

In this edition of the Data Wrap we review the latest ABS data on retail sales and building approvals, and explore what the latest Bank SA State Monitor has to say about consumer and business confidence in South Australia.

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Land tax debate: wholesale reform needed

A new report from University of Adelaide economists argues that the South Australian Government should consider wholesale reform to land tax.

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Newstart debate must focus on people not politics

A new report from University of Adelaide economists has added to the national debate about the Newstart Allowance, arguing that Newstart should be increased by as much as $120 a week and urging politicians to address the issue with maturity.

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Regional gaming machine data reveals a dormant gambling market, new highest spender

SACES today released its latest gambling database which provides regional data on electronic gaming machine (EGM) activity in hotels and clubs in South Australia. It reveals that EGM activity at the state level has been dormant but there have been some notable changes in relative expenditure at the regional level.

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Data Wrap - Employment remains stalled

In today’s Data Wrap we review the September Labour Force Survey results and consider what the latest data on home loan activity has to say about the direction of the residential building and property markets. 

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Old ideas undermine the economic benefit of skilled migrants

Peter Gill, Andreas Cebulla and George Tan
Are employers stuck in the past with outdated and unreasonable perceptions that are working against skilled migrants finding employment? Are the same employers disregarding migrants as candidates for positions when they have, proportionately, higher qualifications than the local population?

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Data Wrap - Unemployment rises further, winter crop forecast downgraded

In this issue of the Data Wrap we explore the latest developments in respect of South Australia's labour market performance, winter crop prospects, and residential property prices.

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Does South Australia have an unemployment problem?

In this post we examine the veracity of the view that the recent increase in South Australia’s unemployment rate is due to increased numbers of people looking for work as workers’ confidence in the South Australian economy has increased.

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Data Wrap - final demand growth slows to a standstill

In this edition of the Data Wrap we consider what today's National Accounts say about South Australia's recent macroeconomic performance, and review the latest statistical releases in respect of construction activity and retail sales.

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Small venues initiative provides economic boost and blueprint for undertaking reforms

The State Government's small license initiative has revitalised Adelaide's CBD, help change drinking culture, supported the creation of at least 1,250 jobs and provides a case study in how to cut through bureaucratic inertia, the first research report released on behalf of the SACES Independent Research Fund reveals.

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Data wrap – unemployment rises while wages growth remains weak

In today’s Data Wrap we review recent key statistical releases for the South Australian economy, including the latest results for the labour market, wages growth, business confidence and inflation for the local government sector.

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Report: Australia should learn from global hydrogen focus

Countries around the world are now making rapid advances in hydrogen energy technologies and strategy – and Australia has much to learn from their experience, according to the authors of a new report by the University of Adelaide.

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Data wrap – employment growth continues but building approvals remain weak

In today's Data Wrap we review the latest statistical releases for South Australia in respect of the labour market, job vacancies, retail trade, building approvals and house prices.

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Betting operations tax revenue options

Department of Treasury and Finance has released a report prepared by SACES regarding the revenue impacts of the Betting Operations Tax (BOT). 

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Judgement day for the Doctor

In the final episode of our series exploring the current and historical nature of regulation in South Australia, The Doctor makes her final defence against breaching the state’s shop trading laws.

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Global and national slow down affecting SA economy

In their latest Economic Briefing Report University of Adelaide economists from SACES are predicting that South Australia’s economic performance will continue to be affected by slowdowns round the country and overseas, as well as weakening employment growth and household spending.

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