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As Melbourne’s lockdown starts to ease the August regional employment data released on Thursday (when seen through the lens of the Conus Trend) clearly shows us the impact the restrictions have had when compared to the Rest of Victoria. Trend employment in Greater Melbourne has fallen 163,000 since March, or …read more
Today’s release by the ABS of the monthly regional labour force data for August allows us to update the Conus/CBC Staff Selection data-sets for the Queensland regions. The strong data at the national and State level reported last week (see here for details) was reflected in generally better results across …read more
The ABS Labour Force data for August has shown an unexpected jump in the number employed (up 111,000 versus expectations of a 40,000 fall, and a 4,500 upward revision to the July data) and a fall in the unemployment rate to 6.8% (from 7.5%). Participation was slightly higher and the …read more
The QLD Govt last week finally released their Public Sector employment data for March 2020 (which is to be now a biannual rather than quarterly release); this is the first such release since the June 2019 quarter results. It shows FTE employment across the State increased by 1.7% for the …read more
The regional Building Approvals data from the ABS (released last week while we were away) allows us to update the Conus Trend series for the QLD regions. While approvals in July across QLD were down 16.2% y/y, the Conus data shows that most of that fall is occurring in the …read more
While we’ve been away the ABS have released the June 2020 quarter Labour Account data series which provides a wealth of information. One thing it allows us to do is take a look at incomes across various industry sectors and how they have changed in the past 12 months. The …read more
The second quarter GDP release earlier this week (see here for details) allows us to update our Conus model for Australia, Queensland and the various LGAs in our region. Australia’s second quarter GDP fell by 7.0% q/q for a 6.3% y/y decline. Although we got data for the Queensland Q2 …read more
After a period of stagnation in the Google Community Mobility data over recent weeks on the back of the Melbourne lock-down we are starting to see some evidence of activity picking up again. The most recent data to 28th August shows Victoria coming off recent lows and all other states …read more
As was inevitable the Australian economy contracted by 7.0% q/q in the second quarter of the year (after a 0.3% q/q fall in Q1). This equates to a 6.3% year-on-year fall with the 2019/20 year showing a 0.2% decline after a 2.0% increase in 2018/19. Australia’s run of avoiding recessions …read more
Yesterday afternoon saw the Queensland Treasury release their estimate of Gross State Product for the March quarter. While the ABS provide estimates for the domestic side of the State’s economy each quarter (and we will see the Q2 data tomorrow along with the annual 2019/20 figure) we have to rely …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series