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Back from a busy few busy days in Cairns which included two economics breakfasts; one yesterday with Michael Workman from Comm Bank (hosted by the AICD) and the other this morning with Warren Hogan from ANZ (hosted by Advance Cairns). Both painted fairly positive pictures for Australian growth in the …read more
The release of ABS regional jobs data this morning has (finally) seen a marked improvement in the picture in Cairns. After very weak data last month (see here for details), it is certainly encouraging to see the data looking a lot better. The recent deterioration in the data for Cairns has …read more
As we noted last month (see here) the situation for youth unemployment in Cairns has been showing slow but steady improvements. That trend has continued in April. The headline (absurdly volatile) unemployment rate for people aged 15 to 24 has fallen to 18.1% (from 20.8%). The Brotherhood of St Laurence’s …read more
Last nights’ Budget has inevitably attracted a raft of comment in today’s media. We don’t intend to add a great deal to that since one’s stance on the pros and cons of the announcements will largely be a matter for where your politics sit. What is interesting is the divergence …read more
The RBA’s quarterly Statement on Monetary Policy (available here) only marginally tweaks their forecasts for GDP and inflation. GDP growth is revised a little higher for the year ending June 2014, while inflation is revised very slightly lower. Forecasts further out into coming years remained unchanged. Year ending Previous …read more
A piece carried in today’s Courier Mail highlights the well documented, and much commented on, failings of the QLD government’s “Strong Choices” website. Our friend Gene Tunny over at Queensland Economy Watch has previously posted at some length on the inherent problems with the site and the way that the LNP are trying to “sell” …read more
For the 4th consecutive month the Australian jobs market has grown strongly in April with the headline unemployment rate unchanged at 5.8% (despite market expectations of a reversal of last months decline with a move to 5.9%). On seasonally adjusted terms, we added 14,200 new jobs (all of which were …read more
The ABS International Arrivals and Departures data for March shows total arrivals up 7.5% from a year ago. Chinese arrivals (which were up 1.2% m/m) accounted for 11.7% of all arrivals for the month and were up 7% from a year ago.Departures were down a massive 27.100 (even the Trend …read more
As we noted earlier today, there are some positives to take away from the ABS labour force data for QLD. The LNP are now sharing social media pictures which spruik the “over 64,000 jobs” that have been created in QLD since the election of the Newman Government. That’s perfectly true, but …read more
The weekend news that the US unemployment rate has fallen to 6.3% in April came as a shock to the markets. As did the news a few weeks ago that the rate in March in Australia had fallen to 5.8%. Looking past the surprising (and likely to be reversed) decline …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series