It’s not the Public Sector that’s behind Queensland’s relatively good labour market performance

As we noted last week (see here), Queensland’s labour market has been performing relatively well during recent months with total employed up 1.1% in December from a year earlier (while nationwide that figure is a decline of 0.5%). Inevitably, with the Queensland Government’s own Public Service employment data (data only …read more

JobSeeker numbers edge up in December, but the trend still appears to be down

The Dept of Social Services data for JobSeekers shows total recipients edged higher in December. The number of those receiving JobSeeker or Youth Allowance (other) payments increased by 1.3% from November to 1.47 million. Our own Conus/CBC Staff Selection Trend, and the ABS labour force survey data for the number …read more

National Visitor Survey is disappointing for TNQ

The September quarter National Visitor Survey from Tourism Research Australia was released today. It showed domestic overnight visitors across Australia fell by 30.6% for the year and expenditure was down 34.4%. Day visits fell 24.2% with expenditure down 24.6%. This equates to a decline of 32.0% in total domestic tourism …read more

Labour Force data comes in largely as expected…Queensland does well

The ABS December Labour Force data released today is broadly in line with market expectations, which in themselves were quite bullish. Employment lifted by another 50,000 from November and is now down just 0.5% from a year ago. The unemployment rate has again fallen to 6.6% even while the participation …read more

Payrolls data suggests things are better in early 2021 than 2020…but beware obvious conclusions!

Data out this week from the ABS for Payrolls suggests that the labour market was actually stronger¬† in early January this year than it was at the same time last. With a year’s worth of data we can now, for the first time, make year-on-year comparisons of this series. The …read more

Hopefully not too long until ABS reintroduce their employment Trend series

Back in April 2020, as the impacts of the COVID lock-downs took hold across Australia and the labour force data went into free-fall the ABS suspended their Trend series within the Labour Force Survey (and many other data releases). The reason for this was justified by the fact that the …read more

Building Approvals in the North surge

Following last week’s data November release which showed year-on-year residential building approvals up 15% nationally and 32% in Queensland today we got the regional data release from the ABS which allows us to update our regional Conus Trend series. This showed that, although Greater Brisbane is doing better than the …read more

Cairns Airport passengers improve again; although for the year they’re still down 64%

December passengers (205,096) through Cairns Airport broke the 200,000 level for the first time since March. However, although the recovery continues to slowly build, this still represents a decline for the full calendar year of 64% from 2019. In 2020 just under 1.8 million passengers used Cairns Airport compared to …read more

House approvals surge in Queensland

Data released this morning by the ABS for November residential building approvals show seasonally adjusted approvals were up across the nation by 2.6% m/m and are now 15.0% higher than at the same time last year. House approvals are up 34.5% y/y while unit approvals are down 12.2%. In Queensland …read more

JobSeekers drop almost another 3% in November

Latest data from the Dept. of Social Services shows that the number claiming JobSeeker or Youth Allowance (other) payments have fallen by 2.9% in November. This brings the total receiving the payments to 1,454,869, which is down 11.0% from the May highs. Numbers in Queensland fell at a similar pace …read more

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