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Today saw the release by the Queensland Treasury of their estimates for Gross State Product for the first quarter of 2017. The ABS produce state Final Demand data on a quarterly basis (although this ignores net exports) but Gross State Product numbers only annually at the end of each financial …read more
In a previous post (see here) we called on the ABS to take a look at providing better regional labour force data, if only at a Greater Brisbane and Rest of Queensland level. The following brief analysis of our own Conus Trend data shows what a difference such data can …read more
Today’s Cost of Living Indexes for the second quarter show that it continues to be those in employment who are being impacted by “cost of living pressures” the least; perhaps just as well given the slow pace of wages growth although worth noting that wages growth in the first quarter …read more
Today’s ABS data on residential building approvals in June confirms the slow turnaround in the sector in Queensland. For the 6th consecutive month we see Trend approvals up for the month and the year-on-year decline now at its slowest rate since Sept 2016. On the Trend basis total approvals in …read more
For years we have been bemoaning the lack of quality data provided by the ABS at a regional (SA4) level. In particular the labour market data has been a major gripe of ours. How can we expect State and Local Governments to be making sensible policy decisions when they are …read more
Pete spoke to John MacKenzie on radio 4CA this morning on “secondary” jobs (you can read commentary here, and here) as well as domestic tourism in the Tropical North. Listen below…
Last week the ABS produced their first release of the new Labour Account data series (see commentary here) which, among other things, gives us an insight into the number, and industries, of “main” and “secondary” jobs. To be clear the ABS define these terms as:- Labour Account main job Labour …read more
Today’s release by the ABS of regional jobs data, and our own Conus Trend analysis of that unadjusted data, shows Cairns powering ahead with the Trend unemployment rate falling to 5.3%. This is the lowest rate the region has seen since September 2008. Trend jobs have increased by 1,300 since …read more
Despite the headline (seasonally adjusted) CPI data coming in a good deal lower than expected, the more significant (so far as potential RBA rate decisions is concerned) core inflation measures nudged very slightly higher in the June quarter. The headline CPI came in as +0.2% q/q for a +1.9% y/y …read more
Yesterday the ABS released for the first time their experimental data series Labour Account Australia. In the ABS’s own words..”This publication presents experimental estimates for the Australian Labour Account for the period 2010–11 to 2015–16. The Australian Labour Account consists of eleven sets of tables focusing on four central quadrants …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series