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The Grattan Institute has released a report (available here) which takes an interesting look at electricity pricing and suggests some potential changes to the current model of simply charging for the power used. Rather they suggest charges that reflect the cost of the maximum load that the user imposes on …read more
Short term arrivals and departures data for May from the ABS this morning shows arrivals hitting another record high. A total of 583,600 people came into the country in May (13.7% higher than a year ago) for a total of almost 6.7 Million over the past year (8.7% higher than …read more
Today saw the (delayed) release of the National Regional Profile for 2008-’12. The full detail is available on the ABS website here. Among the mountain of data contained in 8 large spreadsheets are numbers on population by Local Government Area (LGA) as well as by Statistical Area Level 2 (SA2). SA2’s and …read more
Data out overnight has shown the US labour market continuing to improve. Non-farm payrolls increased by 288,000 in June (far better than had been expected). Data for April and May was also revised higher with an additional 29,000 added to the two months. With participation remaining fairly static at 62.8 …read more
The Building Approvals data for May would appear, on the face of it, to be very strong. The market had been expecting a rise of about 3.2% m/m in the seasonally adjusted data. Instead the result came in at +9.9% (+14.3% y/y). However, the strength is primarily down to very strong …read more
At a speech in Hobart today RBA Governor Glenn Stevens very clearly laid out his current thoughts on the strength of the A$. “But lest there be any uncertainty about this, let me be clear, again, that the exchange rate remains high by historical standards. There is little doubt that …read more
Before reading any further I suggest that you watch this TED talk from Simon Anholt last month in Berlin. It’s a fascinating talk about a really interesting idea; what is a “good” country? Having watched the talk you can then check out the full results of his Good Country Index. …read more
No one was in the least surprised when the RBA left the Cash Rate unchanged at 2.5% (again) at today’s Board meeting. The wording of the Media Release (available here) also gave no hints as to any change in the current “steady as she goes” stance. As has become usual, …read more
Here in the Cassowary Coast we are waiting to see what the Council budget will hold. In light of the (failed) move to de-amalgamate the old Cardwell Shire it is interesting to see how the de-amalgamated Douglas Shire has gone with its first budget. Rates are increased by 5.2%, but …read more
Gene Tunny over at Queensland Economy Watch has posted an interesting graph of jobs vacancies in QLD. As Gene notes, the current weakness in vacancies could well signal a subdued outlook for the state’s labour market in coming months. Last month’s unemployment rate for QLD fell slightly (see our commentary …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series