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The final quarter of 2019 has seen headline CPI increase by 0.7% q/q for a year-on-year increase hwich has edged up to 1.8%. This is unchanged from where we started the year and remains below the RBA’s target range of 2-3%. Nevertheless the RBA will no doubt be moderately pleased …read more
Today’s ABS Labour Force data for Dec was an almost universally positive set of numbers. Looking at the Trend series we saw the unemployment rate across Australia dip to 5.14% (its lowest rate since April) as 17,500 were added to the number employed (8,900 of them in full-time positions). While …read more
The release this morning by Tourism Research Australia of the National and International Visitor Surveys for the Sept 2019 quarter (available here) will have provided some light relief for the tourism industry in our region; although the good news was restricted to the domestic sector. Across Australia total domestic visitor …read more
The ABS release of short term visitor data today for Nov 2019 shows that, as the number of visitors from China slows (or goes into decline) we are seeing total short term visitors numbers over the past 12 months slow to a rate not seen sice August 2012. Seasonally adjusted …read more
As we noted last week (see here), the decline in building approvals appears to have at least slowed. Today sees the release of the original ABS regional approvals data which allows us to update our Conus Trend series. This shows that the bulk of the ‘improvement’, in the form of …read more
The Dept of Social Services original Jobseekers data for November, released today, allows us to update our Conus/CBC Staff Selection Trend Jobseeker series for Cairns and Townsville. It shows that, while the number unemployed has lifted in recent months, the Trend number of people claiming Youth and Newstart Allowances has …read more
A story in today’s Australian talks about the ‘hidden dangers’ seen in the Queensland Treasurer’s plan to utilise $5bn of the public service Defined Benefit superannaution fund surplus to set up a Queensland Future Fund to pay down the state’s debt in the future ($3bn is a new withdrawl while …read more
The ABS release of residential building approvals for November confirms the slide continues; although the rate of that decline has certainly slowed. Seasonally adjusted data for Australia shows approvals were up 11.8% m/m and remain just 3.8% lower than a year ago, which is the best result since the middle …read more
The ABS this morning released their original regional labour force data which allowed us to update our Conus/CBC Staff Selection Regional Employment Trend data series. The Trend series shows us that Greater Brisbane has seen reasonable Trend employment growth for the year (+39,500) at a rate of 3.2% pa, far …read more
The November labour force data from the ABS will have provided just a touch of Xmas cheer in Canberra, Brisbane and Martin Place. The headline, seasonally adjusted unemployment rate dipped to 5.2% (from 5.3%) while employment lifted 39,900 (much better than the anticipated +15,000), although we should note that Oct’s …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series