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There is much talk in the media about the potential jobs impact if/when the Aquis integrated-resort goes ahead north of Cairns. The company’s statements talk of 3,750 jobs in the construction phase rising to about 11,000 when fully operational in 2018. To put these numbers in some context let’s just …read more
A report from the Queensland Government Statistician’s Office (available here) compares retail prices (in 2013) in Brisbane with those in a selection of regional local government areas across a range of item groups. Prices in Brisbane are set as a 100 base index for comparison. When considering all the item …read more
A piece in today’s Cairns Post leaves us scratching our head, thinking “where do they get this stuff from?”. Without quoting any sources it makes it hard to know where Peter Michael (a Nick Dalton apprentice perhaps?) gets his information from; what we can say is that none of it is correct.So …read more
Back from a busy few busy days in Cairns which included two economics breakfasts; one yesterday with Michael Workman from Comm Bank (hosted by the AICD) and the other this morning with Warren Hogan from ANZ (hosted by Advance Cairns). Both painted fairly positive pictures for Australian growth in the …read more
The release of ABS regional jobs data this morning has (finally) seen a marked improvement in the picture in Cairns. After very weak data last month (see here for details), it is certainly encouraging to see the data looking a lot better. The recent deterioration in the data for Cairns has …read more
As we noted last month (see here) the situation for youth unemployment in Cairns has been showing slow but steady improvements. That trend has continued in April. The headline (absurdly volatile) unemployment rate for people aged 15 to 24 has fallen to 18.1% (from 20.8%). The Brotherhood of St Laurence’s …read more
Last nights’ Budget has inevitably attracted a raft of comment in today’s media. We don’t intend to add a great deal to that since one’s stance on the pros and cons of the announcements will largely be a matter for where your politics sit. What is interesting is the divergence …read more
The RBA’s quarterly Statement on Monetary Policy (available here) only marginally tweaks their forecasts for GDP and inflation. GDP growth is revised a little higher for the year ending June 2014, while inflation is revised very slightly lower. Forecasts further out into coming years remained unchanged. Year ending Previous …read more
A piece carried in today’s Courier Mail highlights the well documented, and much commented on, failings of the QLD government’s “Strong Choices” website. Our friend Gene Tunny over at Queensland Economy Watch has previously posted at some length on the inherent problems with the site and the way that the LNP are trying to “sell” …read more
For the 4th consecutive month the Australian jobs market has grown strongly in April with the headline unemployment rate unchanged at 5.8% (despite market expectations of a reversal of last months decline with a move to 5.9%). On seasonally adjusted terms, we added 14,200 new jobs (all of which were …read more
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