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Data from the ABS released today shows the total number of businesses for the 2016-17 financial year. When we consider Cairns (which in this case we take as the SA3 areas of Cairns-North and Cairns-South) we see that the total number of businesses grew by 177 (or 1.3%) in 2016-17 …read more
Regular readers will be well aware that there are various ways to look at the labour market; the standard “unemployment rate” being just one of them. Another, less well known measure, is provided by way of the Dept of Social Services data in their monthly payment recipients release (available here). When looking …read more
Today’s release of short term arrivals and departures data from the ABS for Dec show arrivals grew by 4% (seasonally adjusted) and 5.8% (Trend) on the same time a year ago. Growth from China continues to be strong, up 10.1% for the year (Trend). Short term departures of residents grew …read more
The release of the Jan Labour Force data was something of a curate’s egg; good news came in the shape of a further increase in employment (up 16,000 seasonally adjusted and up 23,000 Trend) while the bad news was a decline in full-time positions (down 49,800 seasonally adjusted) and upward …read more
Today’s release of regional building approvals data shows that the poor performance being seen in QLD (see here) is due to declines in the regions. Trend approvals across the state were up just 4.4% y/y in December but when we look at the regional breakdown (by way of the Conus …read more
Today’s release of Building Approvals data was a big disappointment for the markets. Expectations had been for (seasonally adjusted) data to show approvals down about 8% m/m (+11% y/y) after a 11.7% increase in Nov. In fact the monthly decline was a thumping 20% which took the annual growth into negative …read more
Today’s release of the final quarter 2017 inflation data was broadly in line with market expectations and therefore met by something of a collective yawn by watchers and traders alike. The headline CPI rose 0.6% q/q for a y/y increase of 1.9% (up from +1.8% y/y in the previous quarter). …read more
In discussing today’s CommSec and Deloitte reports on the Queensland economy (see here for some coverage), Treasurer Jackie Trad is claimed to have said that 85% of Queensland’s new jobs have been created in the private sector. Does the claim stack up against the data? In determining the validity of …read more
As usual, we create the Conus Trend regional jobs data from the original ABS monthly data for Dec before making any real analysis. The results for the year to Dec 2017 across the state are detailed below. We see that Trend employment growth in QLD beat the nation by a …read more
Regular readers will be well aware that there are a variety of ways that we can measure the strength of a Labour Market. A standard approach might be to track the unemployment rate (either seasonally adjusted or, preferably, Trend) but this measure can often hide nuances; the impact of increasing …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series