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Pete was on radio 4CA this morning with John MacKenzie talking about his submission to the Productivity Commission’s Transitioning Regional Economies report (you can download the full submission from the PC website here). You can listen to the interview below.
Each quarter the ABS produce data showing the levels of employment in each industry for the various labour force regions. Unfortunately this data is only provided on an unadjusted, 4-quarters average basis and as a result is a very lagged indicator. So, in the same way that we have been …read more
Today saw the release of the ABS Labour Force data for April and it came in well above market expectations. Total employment (seasonally adjusted) rose 37,400 (expected +4-5,000) with the headline unemployment rate falling to 5.7% (from 5.9%). Unlike March, when the gains all came in the full-time sector, April …read more
Today saw the release of the March regional building approvals data from the ABS at both SA4 and LGA level. Following the (very) modest improvement in the Trend data at a state level last week (see here for details) we have seen a similar story emerge in the Far North. …read more
Seasonally adjusted short-term arrivals have broken through the 8.4 million mark for the previous 12 months for the first time. Annual growth has exceeded 10% for each of the past 9 months, with it sitting at 10.3% in March. China remains a major growth factor with arrivals up 12.9% annually; …read more
One of the less publicised elements of the 2017-18 Budget released on Tuesday was the decision to slash funding to the Australian Bureau of Statistics (ABS). Tucked away in Budget Paper 4; Agency Resourcing is a reduction in funding for the agency of some $218m (33.6%) for the next financial …read more
Among all the Budget 2017-18 announcements and trumpeted measures (of which Nick Behrens from QEAS provides as good a summary as any here) the most interesting (disappointing?) chart for me comes in Budget Paper 1, Statement 3 regarding the Structural Budget Balance. As the Budget acknowledges; “Restoring the structural integrity …read more
Today’s building approvals data for March have come in well below market expectations, although the Trends at both state and national level were positive for the month; the first time they’ve both been positive since early 2016.. March’s approvals across the nation fell by 13.4% for the month (expected down 3.9%) …read more
The QLD Treasury data for State Accounts for the final quarter of 2016 shows the economy picking up nicely. Whilst the ABS only produce Gross State Product data on an annual (financial year) basis, the Treasury produce their own quarterly estimates. These show GSP rose by 0.9% q/q after the …read more
A piece in today’s Australian (read it here) perpetuates the old news that youth unemployment in Cairns is running at crisis levels. In this case the article quotes Cairns youth unemployment rate at 27.5%. As regular readers will know, this figure would appear to be the “official” 12 month moving …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series