Population in the North underperforms

In the year to end June 2020 population in Australia was up 1.3%; with 41% of that increase coming from natural growth and the other 59% from external migration. In Queensland we saw growth of 1.6%; with 34% being accounted for by natural growth, 31% from internal migration and 35% …read more

It’s the Private, not Public, Sector driving Queensland’s better labour market performance

As we noted last week (see here), Queensland’s labour market has been performing relatively well during recent months with total employed up 1.3% in February from a year earlier (while nationwide that figure is unchanged). Inevitably, with the Queensland Government’s own Public Service employment data (data only up to Sept 2020) …read more

New monthly snapshot report for Cairns

We’re delighted to be involved in the launch of a new, free, monthly snapshot report focused on the Cairns economy. The Cairns Report will cover the employment, construction, tourism and real estate sectors as well as regular special topics. You can subscribe for free to be the first to receive …read more

Employment continues to slide in Cairns despite strength across the State

Last week we saw very strong employment growth across the nation and in Queensland. Today’s release of the original regional data allows us to see (through the lens of the Conus/CBC Staff Selection series) how this strength played out across Queensland. What we find is that most of the growth …read more

Stunning Feb labour force data shows Australia virtually back to pre-COVID levels

The February labour force data from the ABS shows a stunning surge in employment which has taken the number in work back to virtually the same level as a year ago, pre-COVID (actually -0.01% y/y). Employment jumped a thumping 88,700 (with full-time employment up 89,100) and while participation remained unchanged …read more

Regional domestic tourism in QLD powers ahead…as does disappointment with tourism support in the North

We’re still waiting for the December quarter National Visitor Survey from Tourism Research Australia, which we allow us to see how domestic tourism has been doing region by region. But in the meantime TRA have just released their NVS Monthly Snapshot for December, and what is shows is domestic tourism …read more

Building Approvals stay strong in the North

Despite some weakness in the national and state data for January, which showed some significant month-on-month declines (see here for details), figures released today for the regions show that strength was maintained in the North. The data for the SA4 regions in Queensland, when seen through the lens of the …read more

GDP surprises to the upside. +3.1% q/q.

Expectations had been for a 2.5% q/q lift in Q4 GDP. The actual result (+3.1% q/q) gave a fall of just 1.1% y/y (up from -3.7% in Q3) on the back of solid household consumption (albeit matched to a falling household saving rate). Queensland State Final Demand was up 2.0% …read more

Building Approvals give back some of the huge increases at the end of last year

Residential building approvals for January reversed some of the very strong data seen at the end of last year. However, approvals still remain well above the levels seen a year ago on the back of available government support and low interest rates. Nationwide approvals fell 19.4% for the month but …read more

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

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