JobSeekers fall again in June. Cairns Trend now down 25.0% y/y

The final data for JobSeekers from the Dept of Social Services for June was released this morning. It shows another decline across the nation to 1.1 million people who are receiving either JobSeeker or Youth Allowance (other) payments, a decline of 31% from a year ago. Queensland has also fallen (now at 254k) which is down 32% for the year.

Our own Conus/CBC Staff Selection Trend (which is based on the original unadjusted Dept of Social Services data) shows a Trend reduction in Australia and Queensland of 26.4% y/y. 

In the Cairns region original data shows 17,606 people receiving either JobSeeker or Youth Allowance (other) payments. The Trend series shows this is a reduction of 25.0% for the year.

Note in the graph below that there is a Trend series break between the quarterly regional data to March 2020 and the monthly data which became available after that data.

It is also worth highlighting that the relationship between the number of those on benefits and those counted as unemployed by the ABS has shifted significantly since the impact of the COVID pandemic. Whereas, pre-COVID, those receiving payment nationwide tended to hover between 50-100k above those unemployed that number is currently about 400k (and got as high as 700k at the peak of the pandemic).

The full Conus/CBC Staff Selection Regional JobSeeker Trend & s.a. data is available for download below. Please feel free to use this data but kindly acknowledge Conus/CBC Staff Selection when you do so.

Conus/CBC Staff Selection Regional JobSeekers Trend & s.a. QLD – June 2021

Leave a Response

  • © Conus Business Consultancy Services 2022

    Website created by RJ New Designs