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As we commented on at the time (see here) the Productivity Commission draft report into disaster relief funding contained some very worrying recommendations around NDRRA disaster funding. The proposed reduction in Federal assistance from 75% to 50% would result in a massive, and achievable, increase in the share of cash …read more
As had been widely anticipated, the Fed have announced the ending of their bond-buying program (known as QE3) in the statement at the end of the 2 day FOMC meeting. While the announcement came as no surprise the general tone of the announcement from the FOMC has been seen as …read more
Despite the political rhetoric about how all us Aussies are doing it tough with cost of living pressures, the reality is rather different. The Cost of Living Indexes released this morning by the ABS are designed to answer the question “By how much would after tax money incomes need to …read more
Our previous blog regarding the Dept of Employment Small Area Labour Market (SALM) data contained a graph showing the unemployment rate for the Cassowary Coast, Cairns and Townsville Local Government Areas. We had previously been tracking the aggregated unemployment rate for the CCRC using the “old” Statistical Local Area data …read more
Every quarter the Department of Employment produce their Small Area Labour Market (SALM) statistics. Following the changes to the ABS geographical standards this year the Dept have been struggling to put together the data for the March and June quarters of 2014. It’s been a long time waiting but today …read more
Today’s Cairns Post has splashed with a story that Tony Fung is prepared to walk away from the Aquis proposal if his proposed take-over of the Reef Hotel Casino isn’t OK’d by the authorities soon enough. However, behind the brouhaha lies a simple truth; the process isn’t taking any longer than usual. …read more
Third quarter inflation has fallen, broadly in line with market expectations. The headline CPI rose 0.5% q/q for an annual increase of 2.3% (down from 3.0% in the June quarter). The RBA will be paying particular attention to the two “core” inflation measures. Trimmed mean rose 0.4% q/q and +2.5% …read more
The graph below plots the Conus and ABS Trend series for employment to working population ratios. As we can see, the Trend has been on a steady decline since early 2009 with the gap between Greater Brisbane and the Rest of Queensland staying largely stable. However, Cairns has been highly …read more
Friday’s article from the Cairns Post (see here) on the regional jobs data makes it clear that they still haven’t got a grasp of how unreliable the raw ABS data is. The article reports a “bizarre situation” where the number employed a year ago is higher than the number employed …read more
Comments coming from LNP Minister David Crisafulli regarding the allocation of the proceeds from the proposed lease of Townsville Port brings into focus concerns we have expressed previously about the inequity of the Newman Government’s stance on asset lease/sale proceeds. The LNP position, as stated to us personally at a …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series