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The release this morning by the ABS of their regional (unadjusted) labour force data for Oct doesn’t appear to change the picture much for the Far North, despite the improvements we saw at national and state level last week (see here for our commentary). As always the raw ABS data …read more
Today’s release of the October labour force data has caught the markets unawares with some very strong employment growth. The strong numbers have removed almost any lingering thoughts of a rate cut from the RBA in the near term and, as a result, seen the A$ climb almost a cent …read more
The release of the regional Building Approvals data for Sept is a bit of a mixed bag for the area. The unadjusted ABS data is, as always, too volatile to use as a clear guide. Rather we need to focus on the Conus Trend. In Cairns (incl Port Douglas) the …read more
The continued weakness of the A$ is starting to have some very significant impact on travel data into Australia. Today’s release of Sept Short Trem Arrivals and Departures data highlights what is happening. Arrivals into Australia hit a new record monthly high of 637,100 (seasonally adjusted) in Sept. which is …read more
The ABS Cost of Living Indexes for the third quarter show price increases running at a very similar rate to last month. {These were released on Weds this week, but we have been away and only now have a chance to look at them.} The COL Indexes are designed to answer …read more
The ABS released Sept Building Approvals data shows total approvals (seasonally adjusted) rose 2.2% m/m for a 21.4% increase on the year. However, previous month’s data was revised slightly weaker. The data is always liable to high levels of volatility because of the “lumpy” nature of unit approvals, and this …read more
Today’s release of CPI data for the third quarter showed inflation falling once again. The headline CPI rose by just 0.5% q/q (+0.7% Q/q previously) while the annual rate remained stable at +1.5%. However, the measures that the RBA watch, namely Trimmed Mean and Weighted Median, were each up just …read more
Pete was interviewed by Kier Shorey on ABC Far North this morning regarding the Cairns and Townsville jobs data released yesterday. You can hear the interview below.
This morning’s ABS Sept labour market data for the Queensland regions is, as always very volatile, although this month seems even more so than usual. The headline, unadjusted data shows Cairns unemployment rate jumping to 9.2% with 3,600 jobs lost in the month. To our south the original data shows …read more
The ABS labour force data for Sept released this morning shows a picture somewhat weaker than anticipated after last month’s pleasant surprise (see here for commentary regarding the strong Aug data). However, as we noted last month, the strong seasonally adjusted data for Aug disguised a rather weaker story hidden …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series