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The Dept of Social Services Jobseekers data for March has been released which allows us to estimate our Conus 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 Staff …read more
The March data from the ABS released this morning confirm (to no-one’s surprise) that the slide in residential Building Approvals continues apace. Nationwide, the seasonally adjusted series showed a 15.5% m/m decline (after a 19.1% m/m increase in Feb); but it precisely this kind of wild volatility that makes us …read more
The release of the December quarter Public Sector work force data (which was released over the weekend) shows (again) that the Government’s fiscal principle of keeping full-time equivalent Public Sector employment growth to that of population growth has not been met. FTE growth in the year to Dec 2018 was +3.0%, well above …read more
The release by the ABS of their original, unadjusted regional labour force data allows us to update our own Conus/CBC Staff Selection Regional Employment Trend series for Queensland. What we see is the employment picture improving much better in the Rest of QLD than Greater Brisbane with Cairns now a …read more
The (delayed) release of the National Visitor Survey for the Dec 2018 quarter from Tourism Research Australia will ave come as a very welcome Easter present for TTNQ and the industry in the Far North. While domestic overnight visits were up up 8.6% across the nation, Queensland saw a 10.6% …read more
A robust labour market report for March has eased pressure on the RBA to cut rates any time soon. Employment lifted 25,700 while the Feb data was revised stronger (seasonally adjusted); Trend data showed a lift of 20,700 with Feb also revised slightly stronger. The unemployment rate remained at 5.0% …read more
Short term Arrivals and Departures data for Feb from the ABS show arrivals up 4.0% y/y (seasonally adjusted) or 3.0% (Trend). However, a steady decline in the Chinese visitor numbers seen over the past 8 months has Chinese visitor numbers up just 2.0% y/y (Trend), and down 6.5% y/y (seasonally …read more
Last week we saw the February residential Building Approvals data show a 21.7% y/y decline across Australia and a 35.3% y/y fall in Queensland. Today’s release of the regional Building Approvals data allows us to dig a little deeper into those numbers. Using the Conus Trend series (based on the …read more
The Dept of Social Services original data on Jobseekers (people receiving Newstart and Youth allowances) for Feb was released this morning which allows us to update our Conus/CBC Staff Selection Jobseeker Trend data for Cairns and Townsville. We see Cairns Trend Jobseekers fall to 8,500 (the lowest level in 6 …read more
February residential building approvals data surprised the market with a sharp upward move on the back of a volatile spike up in unit approvals (at least in the nationwide data). Seasonally adjusted numbers show a 19.1% m/m increase, although this still represents a 12.5% decline for the year. Looking at …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series