Our good friend Graham Turner at GFC Economics in London has today released his quarterly Australia Economic Chartbook. It’s always interesting to see the way that such a respected economist from the other side of the world views our economy. The overview at the start of the Chartbook states… Australia has …read more
The CCRC Budget for 2016-17 was handed down at a meeting yesterday with the full details now available on the Council’s website. General Rates see a 1.95% increase while the total increase in Rates and Utility Charges is 2.21%. Previous budgets had assumed increases in total Rates and Utility Charges …read more
Today saw the handing down of the Cassowary Coast Regional Council’s 2016/17 $74.4 million Budget, the first under the newly elected Council. The headline increase in general rates is 1.95% which is the lowest since amalgamation (last year was +2.95%). With increases in charges the average increase to rates and …read more
Our recent posts on youth unemployment (see here for an example) have certainly created some interest. John McCarthy from the Courier Mail spoke to me on Sunday which resulted in an article in the paper on Monday, which was also picked up by The Cairns Post; it quoted extensively from …read more
The June labour force data released by the ABS today shows the headline (seasonally adjusted) unemployment rate nudged slightly higher to 5.8% (from 5.7%) on the back of a lift in the Participation Rate to 64.9, despite steady jobs growth of +7,900. Also on the plus-side was upward revisions to …read more
There has been much talk recently about the very high level of youth unemployment in the Cairns region; and rightly so. We’ve been taking a close look at the issue for some time and believe that the Conus Trend data series we’ve developed gives us the best and clearest picture …read more
Toady sees the release of the ABS original regional building approvals data for May and it shows a slight, but welcome, improvement for the Far North. While the state-wide data released last week wasn’t good (see here), the declines were largely down to unit approvals falling; a factor which has much less …read more
My previous posts on the levels of youth unemployment in the Queensland regions has certainly created some interest. In a story in today’s Courier Mail both sides of the political divide have attempted to use the original, unadjusted ABS data on youth jobs to score points. As is too often …read more
We have been working on completing the data set for Conus Trend unemployment rates for all the SA4 regions in Queensland by age groups and have now completed it. What the full data set shows us is an interesting look into the make-up of the unemployment challenge facing the State. …read more
Yesterday saw the release of the data for May short term overseas arrivals and departures (OAD) and it confirms that the strength in in-bound tourism continues into the second quarter. Arrivals in May hit a new record high of 680,300 which is up 11.7% from a year ago, while the …read more