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Last month we noted that the Building Approvals data was being held firm by approvals for units (see here); this month that effect has reversed out as we see the May data fall on the back of weak unit approvals. In May total approvals fell by 5.2% m/m with house …read more
For some time we have been meaning to take a closer look at the split between Full-time and Part-time Trend employment in the Cairns SA4 data; and today we’ve found the time to do it. (For details of Cairns and other QLD regions Conus Trend employment data see here). We’ve …read more
With over 70% of the vote now counted the final result appears clear; Britain has voted to exit the EU. A final result looks to be about 52% Leave, 48% Remain. What this will mean for Britain, its government and economy is not yet clear but the financial markets have …read more
The early results in the UK’s EU Referendum are causing markets around the world to panic. At 11:20am AEST there were about 2.7 million votes counted from a total expected to be around 32 million. The Leave vote stood at just below 53%. The Australian share market, which had started …read more
Today saw the release of the ABS regional labour market data from which we have created our Conus Trend series data. Despite anecdotal evidence of improvements in the Cairns region (particularly in the tourism sector), the Trend jobs data deteriorated further in May; as it did in Townsville. The two …read more
The ABS Labour Force data for May shows a total of 17,900 new jobs in the nation, although all of them were part-time with full-time numbers static. The headline unemployment rate remained stable at 5.7%. However, virtually all of the reported gains in April were revised away with the previous …read more
The National Visitors Survey from Tourism Research Australia today (available for download here) shows a very healthy 7.6% growth in the number of domestic trips across the country for the year to March 2016. In Queensland that growth rate was even better (+8.8%) but it was the Tropical North which …read more
The release by the Dept of Employment of their Small Area Labour Market (SALM) data for the first quarter to March 2016 confirms the weaker story that we’ve been seeing in North Queensland for a while. The SALM data is based on a range of indicators including ABS Labour Force …read more
Yesterday we released our most recent Conus Trend building approvals data for all the Queensland SA4 Regions (see here). For some time we have also been providing Conus Trend estimates for the Townsville City, Cairns Regional , Cassowary Coast Regional and Douglas Shire Councils. However, we have not previously calculated for …read more
The RBA Board decided to leave rates unchanged at their monthly meeting today; and that surprised no one. What did give the markets a bit of a shock was the wording of the announcement. In particular this section…“Taking account of the available information, and having eased monetary policy at its …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series