- Telephone
- Email
The extended run of positive employment growth continues for Cairns this month with another 400 added. The region has now seen an additional 5,200 people employed in the past year and this month (once again) we see the increase all coming from full-time positions. While over the course of the …read more
While the nation’s economy (GDP) grew by just 1.5% in the financial year 2023/24, today’s State Accounts release from the ABS shows that Queensland achieved a healthier result. Gross State Product increased by 2.1%. Over the past 4 years while GDP has risen 11.4%, Queensland’s GSP is up a rather …read more
We are finally seeing some increase in the number of JobSeekers in the Cairns region. Having sat between 15,500 and 16,000 for more than a year, the October data confirms a gradual increase having been in place in the Trend since July. Trend JobSeekers now sit at 16,399 (its highest …read more
As we noted last week following the release of the third quarter CPI data, the RBA are clearly in no hurry to start cutting rates. Their recently released Statement on Monetary Policy (SOMP) starts out with a clear message… “Underlying inflation remains too high. Headline inflation has fallen sharply in …read more
Today’s release of the third quarter CPI data was broadly in line with market expectations. Headline CPI fell to 2.8% (which is just inside the RBA’s 2-3% target range) but the more closely watched Trimmed Mean (core inflation) remained somewhat elevated at 3.5%. The reason the RBA will be focused …read more
Many of you will have noticed that there hasn’t been a new Cairns Report issued since August. There have been some unavoidable hurdles faced by the Cairns Report team which have meant we have had to suspend production, but rest assured we are actively exploring ways to get the report …read more
This is the fifth month for which we are using the new Enhanced Regional Labour Force data from the ABS, which is backdated to 2020 (for employment) and 2016 (for unemployment). This is now providing a more robust and less volatile data-set which we can utilise to estimate our Conus/CBC …read more
Over the past couple of days there has been some discussion regarding the ‘true’ picture when it comes to employment in Townsville. The discussion started on LinkedIn and has subsequently made it into the pages of the Townsville Bulletin (see story here). The essence is that over the course of …read more
The quarterly Labour Account data from the ABS showed that in the year to June 2024 average income across Australia grew at 2.8% yy. In Queensland (based on Conus analysis of the Labour Account and the split of industry employment relative to the nation) we estimate the figure was a …read more
While building approvals in July are up only very modestly (Australia Trend +2.4% y/y), the increase in Queensland is a far more impressive +10.1% y/y. That increase in QLD is being led by regional approvals, which are up 16.4% y/y, rather than in Greater Brisbane where the increase is just …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series