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At a speech in Hobart today RBA Governor Glenn Stevens very clearly laid out his current thoughts on the strength of the A$. “But lest there be any uncertainty about this, let me be clear, again, that the exchange rate remains high by historical standards. There is little doubt that …read more
Before reading any further I suggest that you watch this TED talk from Simon Anholt last month in Berlin. It’s a fascinating talk about a really interesting idea; what is a “good” country? Having watched the talk you can then check out the full results of his Good Country Index. …read more
No one was in the least surprised when the RBA left the Cash Rate unchanged at 2.5% (again) at today’s Board meeting. The wording of the Media Release (available here) also gave no hints as to any change in the current “steady as she goes” stance. As has become usual, …read more
Here in the Cassowary Coast we are waiting to see what the Council budget will hold. In light of the (failed) move to de-amalgamate the old Cardwell Shire it is interesting to see how the de-amalgamated Douglas Shire has gone with its first budget. Rates are increased by 5.2%, but …read more
Gene Tunny over at Queensland Economy Watch has posted an interesting graph of jobs vacancies in QLD. As Gene notes, the current weakness in vacancies could well signal a subdued outlook for the state’s labour market in coming months. Last month’s unemployment rate for QLD fell slightly (see our commentary …read more
The release of the Aquis Environment Impact Statement (EIS, available here) has given everyone concerned a ton of reading to do! We decided to focus on the Economic section (Chapter 13) and even that runs to 44 pages; even the Executive Summary is 88 pages!Anyway, a first reading of the Economic …read more
In today’s Cairns Post Nick Dalton has a piece about youth unemployment in Cairns. Although we are gratified to discover that Nick is actually reading this blog, it appears that he is still somewhat confused about the actual data. Nick says “Last month youth unemployment was 21.8 per cent, according to the …read more
We have today returned from a trip up to Cape York and have now had time to look at the employment data for May released during our absence.The data for QLD showed a decline in the headline unemployment rate to 6.2% (from 6.3%) with a very encouraging increase of 18,200 …read more
Today’s release from Tourism Research Australia of the International Visitors Survey for the quarter to March 2014 (available here) shows QLD lagging the nation as a whole.International arrivals were up 6.3% (to 6.012 million, and the first time over 6 million) for the year to March 2014 across the country …read more
As we noted a few days ago (see here) the Building Approvals situation in Cairns is improving with the Conus Trend data showing a slight increase for April (after some sharp downward revisions to previous months).Today’s Cairns Post is running a rather excitable article, quoting the Deputy Mayor, talking about approvals …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series