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The February Building Approvals data shows a 3.1% increase for the month (seasonally adjusted) for a 9.0% decline on the year. However the monthly increase is all down to (lumpy) unit approvals which were up 7.7%; house approvals fell by 1.0%. When we consider the less volatile Trend series we …read more
Today sees the release of the ABS Regional Population estimates as at mid-year 2015 and they show us a small decline in the estimated population of the Cassowary Coast Local Government area to 28,689 (from 28,694 a year earlier). Over the course of the past decade the population of the …read more
The ABS regional labour force data for Feb were released yesterday and, after analysis via the Conus Trend they show Trend employment growth in Cairns having come to a halt. Despite an original unadjusted figure which showed an increase of 600 the Conus Trend saw Trend employment remain static at 108,700 …read more
This morning saw the ABS release the labour market data for Feb. Against market expectations the seasonally adjusted unemployment rate fell sharply to 5.8% (from 6.0%) despite there only being an additional 300 jobs in the month; the reason being a dip in the Participation Rate from 65.1 to 64.9. …read more
Today’s release of the National Visitor Survey for the year to Dec 2015 from Tourism Research Australia confirms that domestic tourism continues to motor ahead. Total visitors rose by 6.9% while total nights were up 4.2% and total expenditure +6.4%. Queensland did much better than both Victoria and NSW with …read more
Stronger than expected final quarter growth (along with an upward revision to the third quarter data) has seen the Australian economy grow by 3% in 2015. The Australian economy is now growing at about its long term average pace, and much faster than the market expectation of 2.5%. The December …read more
The release today by Tourism Research Australia of the International Visitor Survey for the final quarter of 2015 shows the boom in the Australia tourism industry still well in place. Total international visitors to Australia rose by 7.9% for the year to 6.9 million (a new record high), expenditure was up by …read more
Today saw the release from the ABS of the regional labour market data for January. As always with this regional data the ABS only provide the original, unadjusted numbers. To get a clear picture we focus on the Conus Trend series. In Cairns the ABS reported a loss of 5,100 …read more
Well it was bound to happen sooner or later. After a series of months when the labour force data has surprised on the upside January’s numbers have shocked on the downside. The seasonally adjusted series showed 7,900 jobs lost in the month with a thumping 40,600 reduction in full-time positions. …read more
Yesterday saw the release of the Queensland Treasury State Accounts for the third quarter of 2015. There was some predictable spruiking of the data from the Treasurer as he focused on the Trend series which shows Gross State Product (GSP) rose 0.9% q/q and 2.6% annualised. This is stronger than …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series