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With most attention focused on the SSM results, the Wage Prices Index results for the Sept quarter were also announced this morning. Across the nation wages grew by 0.5% q/q for a y/y increase of 2.0% (up from 1.9% for the past few quarters but somewhat below the levels the …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). Their most …read more
The regional building approvals data from the ABS, seen through the lens of the Conus Trend estimates, shows things slightly weaker in the North of QLD. In the Cairns SA4 region we see Trend approvals for Sept at 102, which is unchanged from a downwardly revised 107 last month. Within …read more
Last week we posted on the latest Small Area Labour Market (SALM) data from the Dept of Employment as it related to the Local Government Areas of Cairns, Cassowary Coast and Townsville (see here). We have had time to do further work on the latest SALM release and can now …read more
After yesterday’s ABS regional jobs data (see here) showed continued improvement in the labour force measures in the Cairns and Townsville SA4 areas, today we get the Dept of Employment’s, much awaited, quarterly Small Area Labour Market (SALM) data for the second quarter which allows us to consider data at …read more
The ABS released their original, unadjusted regional labour force data for Sept this morning. We need to consider the Conus Trend series to make much sense of this highly volatile data series. When we consider the split between the Greater Brisbane and Rest of Queensland areas we see that the …read more
The ABS release of Q3 CPI this morning has come in slightly below market expectations with core inflation remaining stuck just below the bottom of the RBA target range. CPI posted a 0.6% q/q increase for the Sept quarter (market expectations had centred around +0.8%) which meant year-on-year inflation fell …read more
Yesterday saw the release of the second tranche of Census 2016 data part of which included information relating to employment. However, we would suggest that we need to be careful when reading too much into the Census data as it relates to employment. Employment is one of the few indicators …read more
The ABS data for the labour market in September shows another strong result with employment up 19,800 (expectations had centred around +15K) and the unemployment rate (seasonally adjusted) falling to 5.5%. Employment growth in August was revised sharply stronger to an increase of 53,000 (originally) 27,100. So, although stronger than …read more
Today saw the release of the Building Activity data for the second quarter of 2017 and it shows dwellings under construction falling in QLD (in particular unit construction)…see the chart below from Stephen Gosarevski, Economist at CCIQ. But as readers will know, the trend in residential building approvals in QLD …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series