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Following on from a Tweet I saw today looking at the relative price movements in the US over the past 20 years, I thought I’d do something similar for Australia. The chart below is the result. What we can see is that CPI has increased by almost 69% over the …read more
Today’s Cost of Living Indexes for the second quarter show that it continues to be those in employment who are being impacted by “cost of living pressures” the least; perhaps just as well given the slow pace of wages growth although worth noting that wages growth in the first quarter was …read more
The release by the ABS of the original regional building approvals data for June allows us to update our own Conus Trend series for all the QLD SA4 regions as well as the LGAs in our area. Doing so provides little joy, although it does support the contention from the …read more
Yesterday’s CPI print for the first quarter was slightly above market expectations at +0.6% q/q for a 1.6% increase over the year (up from 1.3% in the previous quarter). However, the more closely watched, at least by the RBA, measure of ‘core’ inflation was up just 0.4% q/q with the …read more
Last month we suggested that we may had seen the worst of the building approvals declines in Queensland (see here for that commentary) and the June data makes that analysis even more valid. While approvalls fell 1.2% (seasonally adjusted) and 1.3% (Trend) for the month across the nation, for a …read more
The release of the June Conus/CBC Staff Selection Regional Employment Trend data shows employment growth in Greater Brisbane is running at 1.9% for the year while the Rest of QLD lags behind at just 1.3%. Over the year Greater Brisbane has added 23,900 to Trend employment while the Regions have …read more
The release of the March quarter Public Sector work force data shows that the Government’s fiscal principle of keeping full-time equivalent Public Sector employment growth to that of population growth has not been met. However, we need also to note that the Coaldrake Review recommneded, and the Govt accepted, that this target …read more
The June Labour Force data from the ABS today provides little joy. Trend employment lifted by 26,300 while the seasonally adjusted series showed just a 500 tick-up. The Trend unemployment rate was unchanged at 5.2% (but on ly because May was revised up from 5.1%). The glimmer of good news …read more
The results from the March 2019 National Visitor Survey have finally been released by Tourism Research Australia (available here). They come with a warning; the methodology has been changed significantly. As the TRA website explains, NVS sampling mehtodology has transitioned “to 100% mobile phone interviews (from 50% mobile phone/50% landline) …read more
A sudden and dramatic spike upwards in the number of Chinese arrivals to Australia in May is a surprising, but pleasing result, from the ABS Short Term Arrivals and Departures data today. The seasonally adjusted data showed Chinese arrivals up 7.0% y/y, although the rather less volatile Trend data pared …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series