Regular readers will be well aware that there are various ways to look at the labour market; the standard “unemployment rate” being just one of them. Another, less well known measure, is provided by way of the Dept of Social Services data in their monthly payment recipients release (available here). When looking …read more
The release by Queensland Treasury of the State Accounts for the third quarter of 2017 appear to have slipped largely under the radar. While the ABS produce Gross State Product (GSP) data only on an annual basis for the June quarter, the QLD Treasury produce quarterly estimates. We have previously seen …read more
Residential building approvals data for January showed a lift of 17.1% m/m for a 12.0% gain on the year (seasonally adjusted) after some big falls in December. However, when considering this highly volatile and lumpy data series we much prefer the Trend series and here we see a 0.1% m/m …read more
Pete spoke to Keir Shorey on radio ABC Far North early this morning about yesterday’s regional labour force data and what we see for the Cairns region. You can listen to the full interview below.
Today’s release by the ABS of regional jobs data is best seen through the lens of the Conus Trend series. What this shows us is Trend unemployment in Greater Brisbane at 5.8% while the Rest of Queensland sits at 6.1%, However, over the past year Greater Brisbane (with employment growth …read more
There’s been plenty of interest in tourism following my post yesterday (see here) on the latest ABS Arrivals and Departures data. ABC Far North ran the story in their news bulletins this morning and later in the day I spoke to John McKenzie at radio 4CA; you can listen to …read more
Data from the ABS released today shows the total number of businesses for the 2016-17 financial year. When we consider Cairns (which in this case we take as the SA3 areas of Cairns-North and Cairns-South) we see that the total number of businesses grew by 177 (or 1.3%) in 2016-17 …read more
Regular readers will be well aware that there are various ways to look at the labour market; the standard “unemployment rate” being just one of them. Another, less well known measure, is provided by way of the Dept of Social Services data in their monthly payment recipients release (available here). When looking …read more
Today’s release of short term arrivals and departures data from the ABS for Dec show arrivals grew by 4% (seasonally adjusted) and 5.8% (Trend) on the same time a year ago. Growth from China continues to be strong, up 10.1% for the year (Trend). Short term departures of residents grew …read more
The release of the Jan Labour Force data was something of a curate’s egg; good news came in the shape of a further increase in employment (up 16,000 seasonally adjusted and up 23,000 Trend) while the bad news was a decline in full-time positions (down 49,800 seasonally adjusted) and upward …read more