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

After a brief uptick in Dec JobSeeker numbers continue to fall in Jan

Data from the Dept of Social Services released today shows that JobSeeker numbers (incl YA (other)) fell in January, continuing a pattern that had been briefly interrupted in December. The original DSS data showed JobSeekers had fallen by 102,758 (or 7%) between Dec and Jan. Since January 2020 this was …read more

The end of JobKeeper could see Cairns unemployment rate lift as high as 8.5%

Due to a written response by Treasury to the Senate COVID committee (available here) I’ve been able to update and rethink my estimates of JobKeeper in Cairns (SA4) and what might happen come March when the scheme is due to end. Treasury told the committee that JobKeeper recipients for the …read more

‘Effective’ unemployment rate explains the apparent QLD paradox

We have been highlighting for some time the fact that the Queensland labour market has benefitted from the positive health outcomes in the State (see here for the most recent December data) with both employment and hours worked per capita up since March. Back in November we discussed one of the reasons …read more

Another month of very strong Building Approvals in the North

Last month we wrote of a surge in residential building approvals in the North. This month the story is even stronger. Following last week’s data December release which showed year-on-year residential building approvals up 23% nationally and 83% in Queensland today we got the regional data release from the ABS …read more

The regions which have been doing best, and worst through 2020

We have recently expanded the coverage of our Conus and Conus/CBC Staff Selection Regional Employment Trend data series to include WA and now have regional data for NSW, Victoria, Queensland and WA. So, with the release of the Dec 2020 data recently, it seemed appropriate to take a look at …read more

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