Regional jobs data looking good in the North

Last week we noted that increases in participation across Queensland saw the headline unemployment rate lift despite some solid employment growth (see here for details). Today’s regional data, when seen through the lens of the Conus/CBC Staff Selection Trend data, allows us to see how that played out across the …read more

Google Community Mobility data shows the country recovering as Victoria emerges from its lockdown

With restrictions slowly being relaxed in Victoria the latest Google Community Mobility data (to Oct 16th) shows that economic life across the nation continues to, slowly, improve. Using our Economic Activity Index (the 7-day moving average of the Google Community Indexes without the Parks and Residential measures) we see activity …read more

Cairns airport slowly improving

While international travellers through Cairns airport remain virtually non-existent (241 in Sept) domestic passengers continue to improve, albeit slowly. Passengers, including those transiting through Cairns, were down 69% from a year earlier; in August the decline was 77%. There’s a long way to go!

Cairns building approvals hit a 2-year high

Last week saw the national and state residential building approvals data for August (see here for details), today we got the original ABS regional data which allows us to update our Conus Trend series. Although approvals in Queensland were up 12.0% from a year ago, today’s data shows us that …read more

Google Mobility data shows QLD’s regions leading the State’s performance

After a spell of limited data coming from the Google Community Mobility data (due to them revising a few of the indexes) we now have data up to the end of Sept (data available here). The combined indexes show a generally stabilising trend over recent weeks. Victoria has partially recovered …read more

Trend unemployment rates fall across the QLD regions

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

QLD Public Sector employment data

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

Regional Building Approvals data shows some improvement in Cairns

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

Latest Conus modeling

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

Google data suggests things have started to improve again

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

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