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The release of the original Jobseeker data from the Dept of Social Services for October allows us to update the Conus/CBC Staff Selection Jobseeker Trend data for Cairns and Townsville. It confirms the continued decline in the number of people receiving Youth and Newstart Allowances in the regions. Cairns has …read more
There’s been plenty written about the fact that the Participation Rate across Australia is at, or near, record highs and the effect this has had on suppressing unemployment rate declines, even as employment growth remains reasonable. Participation rates are so high largely due to significant shifts in the participation of the …read more
The release this morning by the ABS of their original, unadjusted labour force data for regions allows us to update our Conus/CBC Staff Selection Regional Employment Trend data for October. With the State Trend unemployment rate sitting at 6.5%, up from 6.1% a year earlier, (see here for full national …read more
Last week at the launch of the Invest Cairns initiative from The Cairns Post and Advance Cairns the issue of economic diversity, and in particular the diversity of the Cairns economy, was a major topic of conversation. My presentation at the launch presented some clear evidence that the Cairns economy …read more
Earlier this week saw the release by Queensland Treasury of the State Accounts for the second quarter of 2019. As we noted last quarter, this data gets precious little coverage and yet is, in our opinion, a very useful indicator of how the State economy has been performing. While the ABS produce …read more
The October labour force survey data from the ABS showed employment fell 19,000 (seasonally adjusted) which left the unemployment rate at 5.3% afetr particiaption fell slightly. This is only the second monthly drop in employment since October 2016. Casting our eye to the rather less exciting (but in our opinion …read more
The ABS Arrivals and Departures data for Sept shows total short-term arrivals to Australia were up 4.0% y/y (Trend) to another new record high of 809,700. Arrivals from China, which had been fairly stable earlier in the year, have shown a return to good growth (+4.5% y/y), also to a …read more
Data released today by the ABS for Public Sector employment shows that State government employed workers in QLD grew at a rate below that seen nationally in the year to 2018/19, although growth over the past 5 years is running well ahead of the national average. 2018/19 Commonwealth State Local …read more
Last week saw the national and state building approvals data show a continued decline, although the pace of that decline has slowed. Queensland Trend approvasl fell by 19.1% y/y which was the slowest rate of decline in a year. Today’s original data from the ABS (when seen through the lens …read more
The latest data from the Dept of Social Services of the number claiming Youth and Newstart Allowances in the Cairns region (when seen through the lens of the Conus/CBC Staff Selection Jobseeker Trend) suggests that the labour market in the region remains robust. This despite a slight up-tick in the …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series