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The ABS released their (original, unadjusted) residential building approvals at the SA4 and LGA level this morning; and they reveal good news for the Far North. As always, this highly volatile data set needs to be seen through the lens of the Conus Trend to make any real sense of …read more
The ABS data for residential building approvals for August shows that across the country approvals were up 0.4% m/m (seasonally adjusted) but remain down 15.4% y/y. The far less volatile Trend series shows approvals up 1.1% m/m and down 6.5% y/y (which is the slowest rate of decline this year). …read more
We all know that the Retail sector is facing a huge disruption in the form of online shopping. It’s been so for a while now and, with the emergence of Amazon in Australia soon, is only likely to become more pronounced. Digging into the quarterly industry jobs (and in particular …read more
Today saw the release of the August original, unadjusted labour force data for the SA4 regions from the ABS. As always, we need to consider this highly volatile series in light of the Conus Trend. In Cairns we see the headline Trend unemployment rate lift slightly to 5.6% (after July …read more
The June quarter National Visitor Survey from Tourism Research Australia was released this morning (see here for full details), and it confirms the deteriorating story for the region we’ve been discussing for some time (see commentary from last quarter). Across the nation domestic overnight visits rose 5.2% y/y and were …read more
The ABS data for Labour Force in August has shown a very strong growth in employment (up 54,200, seasonally adjusted) smashing market expectations of a 17,500 rise. Back months were also revised higher. Employment is now up 325,600 in the past 12 months. Full-time employment reversed a decline in July …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). …read more
Today’s release of the Short Term Arrivals and Departures data for July shows tourism into Australia is still booming. Short Term Arrivals rose 8.8% y/y for the 12 months to July while Short Term Residents Departing were up 5.8%. The Chinese markets continue to lead the way with arrivals up …read more
The GDP data for the second quarter has shown a solid rebound from the weak data last quarter and is broadly in line with market expectations. On a seasonally adjusted basis GDP rose 0.8% for the quarter, or 1.8% from the same time a year ago. This brings the cumulative …read more
The release of the regional building approvals data by the ABS today allows us to update our Conus Trend series for the SA4 and Local Govt Areas. What we find is a story of slightly weaker, but generally stable, approvals in the North. The Cairns SA4 region sees Trend approvals …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series