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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
Nationwide building approvals for March have come in much weaker than expected. Seasonally adjusted data showed a 3.5% decline on the month for a 20% increase over the past 12 months. The Trend data confirms the slowing with a second consecutive monthly decline (-0.8%) for a 21.9% increase over the …read more
The US payrolls data for April released overnight saw the headline unemployment rate fall to 6.3% (from 6.7% and against expectations of a decline to 6.6%) with the addition of 288,000 new non-farm payrolls (expected +218,000). However, the positive news was tempered by a sharp fall in the participation rate …read more
PPI for the first quarter of this year has come in with a higher than expected 0.9% q/q increase (final demand stage). This takes the year on year figure to 2.5% (from 1.9% in the previous quarter).The increase has been caused by a sharp increase in the price of imports …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series