Cairns unemployment rate falls again but things are not all rosy

Once again we see a drop in the Conus/CBC Staff Selection Trend unemployment rate with the January data showing 5.4%. However, before we get too excited about what appears to be very positive news we should note that the reason for the fall is not improving employment but rather a …read more

After a brief uptick in Dec JobSeeker numbers continue to fall in Jan

Data from the Dept of Social Services released today shows that JobSeeker numbers (incl YA (other)) fell in January, continuing a pattern that had been briefly interrupted in December. The original DSS data showed JobSeekers had fallen by 102,758 (or 7%) between Dec and Jan. Since January 2020 this was …read more

The end of JobKeeper could see Cairns unemployment rate lift as high as 8.5%

Due to a written response by Treasury to the Senate COVID committee (available here) I’ve been able to update and rethink my estimates of JobKeeper in Cairns (SA4) and what might happen come March when the scheme is due to end. Treasury told the committee that JobKeeper recipients for the …read more

‘Effective’ unemployment rate explains the apparent QLD paradox

We have been highlighting for some time the fact that the Queensland labour market has benefitted from the positive health outcomes in the State (see here for the most recent December data) with both employment and hours worked per capita up since March. Back in November we discussed one of the reasons …read more

Another month of very strong Building Approvals in the North

Last month we wrote of a surge in residential building approvals in the North. This month the story is even stronger. Following last week’s data December release which showed year-on-year residential building approvals up 23% nationally and 83% in Queensland today we got the regional data release from the ABS …read more

The regions which have been doing best, and worst through 2020

We have recently expanded the coverage of our Conus and Conus/CBC Staff Selection Regional Employment Trend data series to include WA and now have regional data for NSW, Victoria, Queensland and WA. So, with the release of the Dec 2020 data recently, it seemed appropriate to take a look at …read more

Building Approvals see another surge in Queensland

Residential building approvals data for Dec released this morning shows total Australian approvals up 10.9% m/m which brings them to 22.8% higher than a year ago. House approvals are up 55.4% y/y while units have fallen by 18.4% y/y. In Queensland the lift is even more impressive. Total approvals were …read more

Internal migration to regional Queensland powers ahead

Data on internal migration for the Sept 2020 quarter shows the trend of strong movement from cities into the regions in 2020 continued apace. Across the nation in the third quarter about 11,200 people left the capital cities to move to the regions (this comes on top of a similar …read more

Regional QLD continues to lead the recovery in Domestic Tourism

The monthly National Visitor Survey snapshot data for October from Tourism Research Australia shows overnight domestic tourism expenditure was up 25% since March, although it remains down 39% from a year earlier. Queensland has seen the best state performance since March with expenditures up 99%, although they remain down 35% …read more

The Gold Coast and Toowoomba lead the employment recovery in QLD. Cairns unemployment rate falls to 5.7%

The release of original regional employment data for December by the ABS allows us to update the Conus/CBC Staff Selection Trend series. While employment across Queensland has lifted 27,250 during 2020 this latest analysis shows that the bulk of those gains have come from regional Queensland (Rest of QLD added …read more

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