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The release by the ABS of the May regional building approvals data allows us to update our own Conus Trend series. Last week we noted that there was some suggestion of a bottoming-out of the weaker Trend in Queensland (see here for details) although the Trend is still showing a …read more
The May Building Approvals data from the ABS this morning suggests that we might have seen the bottom of the downturn in Queensland…although 2 months hardly a summer makes! Across Australia approvals were up 0.7% m/m (s.a.), or a 10.0% decline for the year. However, given the highly volatile nature …read more
The Dept of Social Services Jobseekers data for April and May has been released which allows us to estimate our Conus/CBC Staff Selection Trend series from the original, unadjusted data. What it shows us is further falls in the number of people claiming either Newstart or Youth Allowance in the North. Our Conus/CBC …read more
Some months ago we considered the impacts of changes in age and sex demographics within the labour force and the impact this was having on Participation Rates across Queensland. You can read the original post here which outlines the methodology used to split out the Propensity and Demographic Impacts within …read more
The release by th ABS of their original labour force data for May 2019 allows us to update our own Conus/CBC Staff Selection Regional Employment Trend, and it shows us Trend employment growth in Cairns continuing to power ahead with the State’s fastest employment grwoth for the year (+20.0%). For …read more
The release this morning by Tourism Research Australia of the March 2019 International Visitor Survey (see here for full details) once again shows the TNQ region underperforming as the tourism boom across the nation continues apace, International visitor numbers to Australia grew by 2.7% for the year to March 2019 …read more
The Dept of Employment today released their Small Area Labour Market data for the March quarter. The headline data is presented as a smoothed 4 quarters average at both Local Govt Area and SA2 level. However, hidden in the release is the original, unsmoothed, data and from that we create the Conus Trend …read more
The labour force data for May shows employment continuing to grow quite strongly but a move to a record high Particiaption Rate keeps the unemployment rate stubbornly unchanged. Employment lifted by 42,300 (seasonally adjusted) or 28,400 (Trend) in May; both after significant upwrad revisons to April’s numbers. However, with the …read more
Short term arrivals into Australia were up just 0.4% y/y (seasonally adjusted) in April as Chinese visitors numbers continue to slide. Trend Chinese arrivals were at their lowest monthly level in two years and were down 6.1% y/y. The decline in Chinese visitors measn that NZ takes back the crown …read more
Today’s release of the March 2019 Labour Account data series provides a wealth of information. One thing it allows us to do is take a look at incomes across various industry sectors and how they have changed in the past 12 months. The table below shows, for selected industries, the year-on-year changes …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series