Today saw the release of the 2016 Socio-Economic Indexes for Areas (SEIFA), last seen in 2011. There are a number of indexes included in the release which tell us about relative socio-economic advantage and/or disadvantage of local areas down to the SA1 area, which are based on the 2016 Census data. …read more
The results from the Feb Labour Force Survey released today are somewhat weaker than expected, although employment continues to grow. The headline (seasonally adjusted) data shows an extra 17,500 people employed in Feb with a very healthy increase in full-time employment of 65,000. With the participation rate edging slightly higher …read more
After some disappointing quarters for international tourism, including from China, into the Far North (see here for details), and the detrimental impact of the charter flight fiasco in the 2017 Chinese New Year it’s certainly encouraging to see TTNQ releasing some positive data relating to this year’s New Year period. …read more
Working from the Dept of Employment quarterly (unsmoothed original) Small Area Labour Market data we have recently added to our QLD Local Government Area Trend series by expanding to cover all the LGAs in NSW. For the quarter to Dec 2017 the highest level of Trend unemployment in NSW was …read more
Today’s release of the International Visitor Survey for the year to Dec 2017 from Tourism Research Australia (available here) is once again bad news for TNQ. Despite visitor numbers to Australia increasing by 6.5% for the year to Dec, and those to Queensland up a less impressive 4.3%, the number …read more
Today’s Conus Trend regional building approvals data shows that in January Trend approvals were up 24.3% y/y in the Greater Brisbane area (against a rise of 9.1% across the state and a fall of 7.1% in the Rest of Queensland). So what areas in the Greater Brisbane region have been …read more
Last week we saw the ABS release of building approvals data for January demonstrate that (on a Trend basis) Queensland was doing somewhat better than the nation with approvals growth of 9.1% y/y versus 6.9% for Australia as a whole (see here). This week the regional data shows us that …read more
The Dept of Employment recently released the latest Small Area Labour Market (SALM) data at the Local Government Area level for the quarter to December. Using the unsmoothed (original) SALM data, which is tucked away in the explanatory notes section, we have created a Conus SALM Trend series of unemployment …read more
Today’s release from the ABS of the 4th quarter 2017 GDP data confirms the lack lustre performance of the Australian economy. Growth in the quarter (seasonally adjusted) was in line with market expectations at +0.4%, although upward revisions to back quarters saw the year-on-year rate slightly beat expectations at +2.4% …read more
Regular readers will be well aware that there are various ways to look at the labour market; the standard “unemployment rate” being just one of them. Another, less well known measure, is provided by way of the Dept of Social Services data in their monthly payment recipients release (available here). When looking …read more