Last week our own Conus Trend estimates of employment and unemployment rate in Cairns for January had jobs up 8,000 since Jan 2016 and the Trend unemployment rate at 5.9% (see full details here).
Today sees the release of Herron Todd White’s Cairns Watch (available in full here); and its author, Rick Carr, is even more bullish on the Cairns jobs than we were. Rick has Trend employment up by 8,400 over the year with the Trend unemployment rate falling to a remarkably low 4.8%. While that unemployment rate looks a tad low to us, we cannot but agree with Rick’s overall comment that “Cairns overall continues to slowly improve with tourism and employment indicators having picked up a notch over the last month.”
This is Rick’s chart from his February Cairns Watch report.