Why does Queensland’s unemployment rate look so high if the labour market is doing so well?

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 October data). This analysis has not been universally agreed with and some commentators have pointed at alternative data sets, such …read more

Jobs roar back. QLD employment growth rate turns positive.

The October Labour Force survey data beat most expectations on the upside with an additional 178,800 employed for the month. This takes the annual rate of jobs loss to just 1.0%. With a strong pick-up in participation (from 64.9 to 65.8) we also see the headline unemployment rate lift to …read more

Strong building approvals data for the North

Last week saw solid Sept building approvals data at the national and state level (see here for details) with QLD recording a 7.1% y/y increase. Today’s release of the original regional data by the ABS allows us to update our Conus regional Trend data and this shows that, while Greater …read more

August TRA update shows how well QLD has been doing

Tourism Research Australia have been providing monthly snapshot updates on domestic travel and today we saw the August numbers. What we see is that since March 2020 domestic overnight expenditure has fallen across the nation by 23%, in Queensland expenditure is up 59% and regional Queensland is up an astonishing …read more

Building Approvals do well in Sept.

Residential building approvals in September beat expectations with a 15.4% m/m increase which translates to a 8.8% y/y increase. House approvals are up 22.1% from a year ago while units are down 10.3%. In Queensland September saw a 19.3% jump for the month (significantly better than Victoria or NSW) which …read more

Youth in Greater Melbourne have been especially badly hit by the lock-down

The ABS regional labour force data released last week (when seen through the lens of the Conus Trend) allows us to see the significant impact that the Victoria, and particularly the Melbourne, lock-down have had on the youth cohort. Since March total employment in Victoria has fallen 218,800 (or 6.4%). …read more

Domestic tourism; the Far North’s saviour for now

As we noted a few weeks ago when the National Visitor Survey results for the June quarter came out (see here for details), the Far North had done somewhat better (although with an almost 13% drop in visitor numbers ‘better’ is relative) than the nation as a whole. Today we …read more

Regional jobs data looking good in the North

Last week we noted that increases in participation across Queensland saw the headline unemployment rate lift despite some solid employment growth (see here for details). Today’s regional data, when seen through the lens of the Conus/CBC Staff Selection Trend data, allows us to see how that played out across the …read more

Google Community Mobility data shows the country recovering as Victoria emerges from its lockdown

With restrictions slowly being relaxed in Victoria the latest Google Community Mobility data (to Oct 16th) shows that economic life across the nation continues to, slowly, improve. Using our Economic Activity Index (the 7-day moving average of the Google Community Indexes without the Parks and Residential measures) we see activity …read more

JobSeekers data continues to improve….

We’ve been away for a few days…..here’s a hint as to what we’ve been doing….. …so have only today been able to look at the latest JobSeeker data for September which was released last week. Jobseekers across the nation fell by 3.6% for the month and are now down to …read more

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