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Last Thursday saw the ABS release their August monthly regional labour force data, and our own Conus Trend series (see here for details). They also released their quarterly data on regional employment by industry sector for the August quarter. This is presented on a quarterly basis as a rolling 4-quarter …read more
Pete was interviewed by Kier Shorey on ABC Far North this morning about the latest regional labour force data for Cairns and Townsville.
The release by the Dept of Employment of their Small Area Labour Market (SALM) data for the second quarter to June 2016 confirms the weaker story that we’ve been seeing in North Queensland (and in particular Townsville) for a while. The SALM data is based on a range of indicators including …read more
Today saw the release of the ABS regional labour force data for August. Our own Conus Trend series attempts to make some sense of the original, unadjusted data. In Cairns SA4 the original data showed a decline in the unemployment rate to 8.1% with 100 total jobs lost. We now have …read more
Today’s jobs data for August from the ABS has come in well below market expectations, but a decline in the Participation Rate has seen the headline unemployment rate fall anyway. The markets had been expecting employment to grow by about 15,000; instead it’s fallen by 3,900. However, before we get …read more
The impact that the domestic tourism boom is having in Tropical North Queensland can be clearly seen below. The expenditure figures include both overnight and day trips. Domestic tourism has added more than $500 million extra this year over last; that’s an increase of more than 24% y/y. International tourism …read more
Tourism Research Australia’s National Visitor Survey results for the year to June 2016 (available here) confirm the wonderful run of data we’ve been seeing in the Far North. Combined with the solid International Visitor Survey data released a fortnight ago (see here) today’s data confirms a fabulous financial year for the tourism …read more
The good news for the tourism industry continues. The ABS Short Term Arrivals and Departures data for July shows arrivals up 14% y/y (the best result since May ’14) and up 10.3% annually (the sum of the past 12 months) which is the best result for more than eleven years. …read more
After yesterday’s post regarding the national GDP (see here) I’ve had a few questions relating to my headline 2.9% annual growth figure and the widely quoted 3.3% y/y number; confusion reigns! Lets take a look at some detail of the GDP seasonally adjusted data and consider the different ways we …read more
Today saw the release of the GDP data for the second quarter. Markets had been expecting a figure around +0.4-+0.6% and the result came in at +0.5% q/q for an annual increase over the financial year 2015-16 of +2.9% and +3.3% y/y. Being broadly in line with expectations the Forex …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series