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The release of the January Labour Force data from the ABS this morning paints a rather weak picture across the nation, although not so much that the RBA will be surprised. Employment (seasonally adjusted) lifted slightly more than expected (+13,500) with only a very small downward revision to the Dec …read more
The release of the Short Term Arrivals and Departures data by the ABS for December confimrs the fact that the number of arrivals from China was already in decline well before the imapct of the coronavirus was felt. While total Trend short term arrivals were up 2.6% y/y (to 801,800) …read more
The release today by the ABS of the original, regional building approvals data allows us to update our Conus Trend series for the SA4 regions of Queensland as well as the LGAs in the North. Last week’s release showed Trend approvals in Queensland down 7.7% for the year. Today’s data …read more
The release by the Dept of Employment of their Small Area Labour Market (SALM) data for the September 2019 quarter, when seen through the lens of the Conus Trend SALM series, gives us our only genuine look at the detail of the labour market at the finer grain level of …read more
ABS data for residential building approvals in Dec show a 2.1% improvement for the month (Trend) which equates to a 5.9% decline for the year. This is the fourth consecutive month of monthly improvements and sees growth at its fastest pace in more than 2 years. The more volatile seasonally …read more
As the government stops all Chinese visitors from entering the country in response to the coronavirus outbreak, economists are scrambling to try and work out the likely impact on the Australian economy from the hit to tourism and student expenditure. It’s clearly something of a guessing game but, as reported …read more
The release by the ABS of their Dec original regional labour force data allows us to update the Conus/CBC Staff Selection Regional Employment Trend data for Queensland. It shows us the Rest of QLD struggling to keep pace with Greater Brisbane; Trend employment growth in the Greater Brisbane area now …read more
As regular readers will be aware, we have been highlighting TNQ’s declining share of the tourism market for many years so it’s encouraging to see the issue (finally) being addressed head-on by the region’s main tourism marketing arm, TTNQ. Over the past seven years TNQ’s share of Australia’s total tourism …read more
The final quarter of 2019 has seen headline CPI increase by 0.7% q/q for a year-on-year increase hwich has edged up to 1.8%. This is unchanged from where we started the year and remains below the RBA’s target range of 2-3%. Nevertheless the RBA will no doubt be moderately pleased …read more
Today’s ABS Labour Force data for Dec was an almost universally positive set of numbers. Looking at the Trend series we saw the unemployment rate across Australia dip to 5.14% (its lowest rate since April) as 17,500 were added to the number employed (8,900 of them in full-time positions). While …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series