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The GDP data for the 3rd quarter of 2017 has come in slightly below market expectations at +0.6% q/q (after Q2 was revised slightly higher to +0.9% from +0.8%) for a 2.8% y/y and 2.2% annual growth. The weaker data was due to a poor showing from household consumption (the …read more
The ABS data for building approvals in October were good news at a national level with (seasonally adjusted) approvals up 0.9% m/m for a 18.4% increase year-on-year. The less volatile (and preferred, given how volatile unit approvals can make this data set!) measure showed a 0.7% m/m increase and a …read more
This morning’s release of the regional labour market data, as always, needs to be seen through the lens of the Conus Trend; and what it shows is something of a turn-around in the dramatic recovery that we’ve been witnessing in the North. This is perhaps not very surprising, although the …read more
As we run towards the last few days of the Queensland state election we’re hearing lots about employment from both the Government (who are talking up solid jobs growth) and the Opposition (who are highlighting weak full-time jobs). There is also a certain amount of talk from the commentariat about …read more
Pete spoke to John McCarthy on radio 4CA this morning about yesterday’s release of the labour force data which showed QLD’s unemployment rate (s.a) lifted to 6%. You can hear what he said below, or read yesterday’s blog here.
The Labour Force data for October released this morning by the ABS showed employment up 3,700 (s.a) or 20,000 (Trend) for the nation with the headline, seasonally adjusted unemployment rate dipping to 5.4% (the Trend remained stable at 5.5%). Participation fell slightly to 65.1 (from 65.2) and this will have …read more
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
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series