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Last week’s building approvals data for Feb saw a big correction from the stellar Jan figures (see here) so we might have expected things to have eased slightly in the Far North too; in fact that has not been the case. The raw, unadjusted ABS data shows Cairns (incl Douglas) had 71 …read more
ABS data released today for Feb show building approvals reversing some of the strong growth seen in Jan (as had been broadly expected). On a seasonally adjusted basis Feb saw a 3.2% decline (driven by a 6.6% dip in unit approvals) for a 14.3% increase over the year. The less …read more
Following previous posts and media comment about the seemingly wide divergence between Herron Todd White’s and our own Trend unemployment rates for the Cairns region (see here) it is interesting to note that they have almost converged for the latest Feb data. Yesterday saw HTW produce their Cairns Watch (available …read more
Today saw the release of the annual Regional Population Estimates from the ABS. The ABS produce these numbers at both Local Government, SA2 and State Electoral Division level. The results show the estimated CCRC resident population in 2014 at 28,705 which is a 0.1% increase over 2013. Since 2011 the estimated population has increased by just 0.2% …read more
The Dept of Employment released their December quarter Small Area Labour Market (SALM) data today. The SALM estimates are created using data from Centrelink data of people in receipt of Newstart and Youth Allowance by postcode, the ABS regional labour market data at SA4 level and the Census labour force data …read more
The regional labour force data for Feb from the ABS was released this morning and what we see (once we analyse the Conus Trend data) supports the improving story in Townsville that we have been highlighting for some time now (see previous commentary here) and, although there are some signs …read more
An article in the Business Spectator from Adam Carr is suggesting that the labour force data released yesterday is actually much better than it might at first appear. Carr’s argument is that the seasonal adjustment process employed by the ABS (which has certainly been under a cloud recently) is nothing …read more
A great friend of ours, Graham Turner, runs an independent economic consultancy (GFC Economics) in London. Graham founded GFC in 1999 after many years working as an economist with various international investment banks in the City. Graham has written a number of highly regarded books, the most recent of which …read more
The official data for jobs in Feb shows 15,600 new jobs and a headline unemployment rate that has fallen to 6.3%. While the jobs number was slightly higher than expected, data for both Dec and Jan were revised down a total of 5,200 so the net result was in reality …read more
After the stellar performance of the January Building Approvals data in QLD (see commentary here) last week it is pleasing to see the improving trend reflected in the regional data for the Far North released by the ABS today. The raw unadjusted data shows approvals in Cairns at 60 (63 when we …read more
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