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The lock-down now in place in Melbourne could see an additional 260,000 workers miss out on JobKeeper (JK) support due to the 2-quarters requirements of the new regime. On our pre-lock-down estimates we would have seen the JK 1.0 original 3.5 million figure drop to 2.0 million in Oct had …read more
The Dept of Employment SALM data (Small Area Labour Market) is the only official data that provides a look at the labour markets at Local Govt and SA2 level. Although there are limitations to the data (not least of which is that it is only quarterly) it does provide us …read more
The residential building approvals data from the ABS for June show another steep decline. Approvals fell 4.9% m/m (seasonally adjusted) which takes the year-on-year decline to 15.8%. House approvals are down 6.4% for the year while units are off 30.2%. In Queensland total approvals fell 10.9% m/m and are now …read more
Last week the Govt confirmed the details of the JobKeeper extension (JK 2.0) which will be in place when the original JobKeeper (JK 1.0) expires at the end of Sept. Details are available at the Treasury website. Essentially for a business to be eligible for JK 2.0, from October to …read more
In common with the national and State data seen last week (see here for details) the regional data for June shows an improvement across many regions. The Conus/CBC Staff Selection Trend shows a similar story panning out across both Greater Brisbane and the Rest of QLD. In Greater Brisbane Trend …read more
Today’s June Labour Force data has provided something for everyone…and a big surprise for most. Expectations had been for employment to improve by about 100K in June with the unemployment rate either going up slightly, staying stable, or moving down slightly depending upon what you thought participation was going to …read more
Payrolls data from the ABS (sourced weekly from the ATO’s Single Touch Payroll system) shows that payrolls across the nation were down 5.7% by the 27th June from their levels in mid-March. Across Queensland the decline was slightly better at 5.2%. Data at the regional level at this stage is …read more
As the extreme impacts on a raft of economic data collected by them became clear the ABS, in many instances, have suspended the production of their Trend estimates. The reason the ABS have provided is along the lines of the following (which relates specifically to the Labour Force data but …read more
Last week we saw the data for residential Building Approvals from the ABS for May (see commentary here) which showed QLD approvals fell 14.8% y/y. Today the regional, original data from the ABS allows us to update our own Conus Trend. This shows approvals in Greater Brisbane were down 7.8% …read more
Tourism Research Australia have released their International and National Visitor Surveys for the year to March 2020 today (see here). This is the first of the quarterly data that will start to exhibit some of the COVID-19 related impacts. The pandemic began to affect travel from China early in 2020, …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series