The ABS Building Approvals data for September shows the total across the nation being dragged lower than expected by a sharp drop in unit approvals. Houses actually gained slightly over the month, but remain weaker than a year ago. On a seasonally adjusted basis total approvals fell 8.7% m/m which …read more
Pete was on Radio 4CA this morning talking to John MacKenzie about the latest release of the Conus Trend Regional Jobs data. Listen below…
Following on from the Sept Conus Trend Regional QLD labour force data there has been some discussion among readers (and on Twitter) regarding the impact of the Gold and Sunshine Coast changes in employment on the noted divergence between Greater Brisbane and Rest of Queensland full time positions (see the …read more
Three weeks ago I wrote about some initial analysis of Dept of Social Service allowance payment data. Since then I have been in touch with the Dept to obtain some older data and they have also released their latest numbers for September; so here’s a more complete and up-to-date look …read more
The ABS release of original regional labour force data for September, as always, needs to be considered in light of the Conus Trend to make much sense of what can be very volatile data. In Cairns we see the Conus Trend unemployment rate fall to 8.4% (after an unrevised 8.7% …read more
The ABS data for inflation in the third quarter shows the headline CPI number edged slightly higher by 0.7% q/q for a year on year increase of 1.3% (up from 1% in June). However, the two core inflation measures preferred by the RBA (trimmed mean and weighted median) were up …read more
The September labour force data saw the headline, seasonally adjusted unemployment rate in Australia fall to 5.6% (after August was revised up from 5.6% to 5.7%) despite a loss of 9,800 (and a loss of 53,000 full-time) positions. The reason for the decline can be laid squarely at the decline …read more
We have just returned from holiday so are now catching up on some data released during our absence. Last Tuesday saw the release of the ABS original regional building approvals data at both SA4 and Local Government Area level. Our own Conus Trend series help shed light on these highly …read more
Today’s release of the Short Term Arrivals and Departures data for August confirms the growth in international visitors to the country remains strong. Over the past 12 months we have welcomed just a touch under 8 million visitors ( a new record); a growth rate of 10.6% over the course …read more
We have taken some time to analyse the Dept. of Social Service data set for payments of Newstart and Youth Allowances since Dec 2011. When looking at data for our region we have summed the totals for the Atherton, Cairns, Innisfail, Mareeba, Mossman and Yarrabah Service Zones. These Service Zones, …read more