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Despite the stronger data at a state level for April (see here), which had QLD hit a new record high for Trend approvals, the regional data released today has little of good news for our region. Looking first at the Local Government Area data we see Townsville continuing to slide …read more
Wednesday’s release by TRA of the International Visitor Survey for the first quarter (see commentary here) left no one in any doubt that tourism in Australia was moving ahead strongly. Today we see the first ABS data for arrivals and departures relating to the second quarter with April’s numbers; and …read more
The first quarter GDP data released this morning has come in well above expectations largely on the back of export growth. The markets had been looking for seasonally adjusted GDP growth of around 0.7 – 0.8% q/q which would have given an annual rate of about 2.9%. The actual result …read more
This morning saw the release by Tourism Research Australia of the International Visitor Survey for the March 2016 quarter; and it’s good news all round as the tourism sector continues to benefit from a weaker A$. Full details available for download here. At a national level international visitor numbers were …read more
The continued strength in unit approvals has, once again, seen the total building approvals data for April surprise on the upside. Seasonally adjusted data shows a 3.0% m/m increase for a 0.7% growth on the year (the first yr/yr increase in 6 months). However, the increase came exclusively from unit …read more
Lots of commentary about the terrible jobs data for April in Townsville released by the ABS on Thursday (see here). The “original”, unadjusted data from the ABS (and the only series for the regional data that they produce) had the unemployment rate at 13.9%. Our own Conus Trend came in …read more
Yesterday’s post on the regional labour force data (read it here) causes a good deal of interest. Pete was interviewed on ABC Far North first thing this morning and the story has been running in their news bulletins since. If you missed it you can listen to it below…
After the disappointing April labour force data for QLD released last week (see here) which saw the State unemployment rate lift to 6.5% we were bracing for some weak regional data today. The reality was worse then we had been expecting. As always when considering the ABS Regional Labour Force …read more
Today’s release of the April Labour Force data from the ABS contains little to surprise at a national level, but the story for the Sunshine State is weaker again. April saw 10,800 new jobs (although these were all part-time with full-time jobs falling by 9,300 seasonally adjusted) and the headline …read more
Mark Beath over at CairnsEconomy.com has done some interesting analysis of the regional building approvals data looking at approvals per capita. Read it here..
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series