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The Conus Trend unemployment rates for both Cairns and Townsville have fallen slightly in July. Cairns now sits at 9.6% (down from 9.8%) while Townsville is at 11.0% (down from 12.6%). Further analysis, charts and the full Conus Trend data series will be up later this afternoon.
Curtis Pitt’s latest proposed changes to the way some government employees pension payments are calculated appears to make perfect sense; despite Opposition claims of a “smash and grab”. The relevant section in the proposed Revenue and Other Legislation Amendment Act 2016 (available here) comes in Part 8 – Clause 68 …read more
The ABS Labour Force data for July shows the headline unemployment rate dropping to 5.7% (expectations had been stable at 5.8%) with the addition of 26,200 new jobs (expected +10K). However, all of the strength has come from the part-time sector which added a thumping 71,600 while the full-time data …read more
Wages growth for the year to the June quarter was released this morning. It shows wages grew across the nation at 2.1% with the private sector doing somewhat worse (+1.9%) and the public sector better (+2.4%). The net result was weaker in QLD (just +2.0%) but the divergence between private …read more
Each quarter the ABS releases a regional breakdown of employment by industry type (according to ANZSIC classification). The latest release relates to data to the May 2016 quarter. Figures are supplied as an average of the previous 4 quarters. We have spent some time looking at the data for the Cairns …read more
Tourism Research Australia have released their latest 10 year tourism number forecasts (available here). They show total visitor nights in QLD forecast to rise at an average rate of 3.9% pa for the 10 years to 2024-25. The pace of growth is forecast to be slightly slower in the non-Brisbane …read more
Yesterday saw the release of the regional ABS Regional Building Approvals data for June. Having completed the Conus Trend analysis we can see that there is very little joy for the North in the numbers (not much of a surprise given the weakness in the State data…see commentary from last …read more
Over the past decade or so Victoria has been the stand-out winner when it comes to where our international visitors are heading. Data from the ABS shows that more and more of our visitors have been spending more time in Victoria; and the biggest loser has been Queensland. Since Jan …read more
ABS data this morning show short term arrivals into Australia running at a record high 693,000 (seasonally adjusted) in June. This is 12.9% higher than a year ago and as such is the fastest rate of growth since Jan 2005. Over the course of the past 12 months Australia has welcomed …read more
We should all be aware by now that the labour market picture in QLD is not a happy one; according to the latest ABS data for June the State’s unemployment rate stood at 6.5% (both s.a. and Trend) against that in the nation of 5.8% (s.a) or 5.7% (Trend). The …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series