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The release of the Aquis Environment Impact Statement (EIS, available here) has given everyone concerned a ton of reading to do! We decided to focus on the Economic section (Chapter 13) and even that runs to 44 pages; even the Executive Summary is 88 pages!Anyway, a first reading of the Economic …read more
In today’s Cairns Post Nick Dalton has a piece about youth unemployment in Cairns. Although we are gratified to discover that Nick is actually reading this blog, it appears that he is still somewhat confused about the actual data. Nick says “Last month youth unemployment was 21.8 per cent, according to the …read more
We have today returned from a trip up to Cape York and have now had time to look at the employment data for May released during our absence.The data for QLD showed a decline in the headline unemployment rate to 6.2% (from 6.3%) with a very encouraging increase of 18,200 …read more
Today’s release from Tourism Research Australia of the International Visitors Survey for the quarter to March 2014 (available here) shows QLD lagging the nation as a whole.International arrivals were up 6.3% (to 6.012 million, and the first time over 6 million) for the year to March 2014 across the country …read more
As we noted a few days ago (see here) the Building Approvals situation in Cairns is improving with the Conus Trend data showing a slight increase for April (after some sharp downward revisions to previous months).Today’s Cairns Post is running a rather excitable article, quoting the Deputy Mayor, talking about approvals …read more
1st quarter GDP has come in well above market expectations for a 1.1% q/q increase; equating to a 3.5% annual rate of growth (seasonally adjusted). On a Trend basis growth was +0.8% q/q, +3.2% ann which shows the economy rolling along at about the long-tern trend average pace. The main …read more
Retail Trade data released this morning for April shows a modest 0.2% increase on the month (seasonally adjusted). This is at, or slightly below, market expectations and comes on the back of only very modest gains in Feb and March. On a Trend basis sales are up 6% for the …read more
As noted earlier in the week (see here), the 2014-15 QLD Budget (full details here) has forecast the deficit increasing to $2.7bn (from the MYFER estimate of $0.66bn) as a result of a $0.95bn hit to NDRRA spending (caused by a mis-match between the timing of expenditures and commonwealth reimbursements) and …read more
With a state election due next year it might have been expected that the budget measures announced today would be something of a sweetener; but that’s proven not to be the case. After funding from the Australian Govt is taken into account this Budget outlines only an extra $342.6 million of …read more
Much is being made in today’s media of the QLD budget deficit for 2014-15 apparently blowing out from the $664m forecast in the Mid-year review to $2.3bn in tomorrow’s budget papers. The $1.6bn increase (about 3.2% of the $50bn state budget) is being partly blamed on a $600m undershoot in …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series