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The ABS released the April labour force data yesterday and despite the headline, seasonally adjusted unemployment rate ticking up from 6.1% to 6.2%, the data is actually pretty good. A total of 2,900 jobs were lost during the month (seasonally adjusted) but the substantial increase seen in March was revised …read more
As had been almost universally expected, the RBA today decided to shave another 25 basis points off the official Cash Rate to take it to a new low of 2.0%. In the press release announcing the decision (available here) the Board notes that commodity prices remain low, and CAPEX is …read more
As the ABS slowly gets to terms with the change in methodology for arrivals and departures cards (see here for details) today sees the release of short term arrivals and departures data for October. This shows arrivals at new highs of just under 600,000 for the month and over 6.8 …read more
The Building Approvals data for March released today has beaten market expectations and cemented a strongly positive trend both at State and National level. The seasonally adjusted data showed total approvals up 2.8% for the month (against expectations of a 1.6% fall); this equates to a 23.6% increase over the …read more
The reality that inflation is not an issue has been confirmed with the release of the Cost of Living Indexes from the ABS today. These will come as no real surprise given the weakness of the CPI data released last week (see here for details). The COLÂ Indexes are designed to …read more
A piece last week on the Cairns Now website, referring to our own analysis of the March Regional Labour Force data, made note of the variation in the data for males and females in Cairns. The Cairns Now journo was relying on the unadjusted ABS data as there has been …read more
Tourism Research Australia (TRA) today released their State Tourism Satellite Accounts (STSA) for the 2013-14 year. There are available for download here. The results show an industry which, although at a national level has seen growth of about 3.4%, is in decline in Queensland. We have previously posted extensively (see …read more
The ABS today released their unadjusted March regional labour force data. The headline data for Cairns showed the unemployment rate stable at 7.9%, while Townsville saw unemployment jump to 9.2% (from 7.7% last month). However, as always, these unadjusted numbers need to be considered at the Conus Trend level to …read more
The headline inflation measure (Consumer Price Index, CPI) for the second quarter has come in bang-on market expectations at +0.2% q/q for a 1.3% increase over the year. The increase comes courtesy of a 2.6% yr/yr increase in non-tradables being offset by a 0.9% yr/yr fall in tradables. The more …read more
The previous LNP government withheld the release of the Environmental Impact Statement on the proposed dredging of Trinity Inlet until after the QLD state elections. Finally we get to see the report (available for download here) and it is clear that the recent Federal moves to ban the dumping of …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series