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Today’s release of the regional building approvals data for November from the ABS doesn’t provide any good news for our region (not surprising given the general weakness at a state level seen last week…see here for details). The unadjusted regional data is best seen through the prism of the Conus …read more
Our own Conus Trend series for Cairns SA4, based on the original ABS regional data, showed another reduction in Trend unemployment in November to 6.3%. The Dept of Social Security payment recipients data released just before Christmas appears somewhat less positive. Recipient numbers in the region nudged up slightly, although the Conus …read more
Last week we released our Conus Trend data for all the Queensland regions and our estimate of a Trend unemployment rate in Cairns of 6.3% raised a few eyebrows. However, the latest release by Rick Carr, at Herron Todd White, of his Cairns Watch report is even more bullish (download …read more
The ABS original data for regional labour force was released this morning (along with some adjustments caused by the labour force re-benchmarking released earlier this month) and, as always, we need to consider this highly volatile data set in light of the Conus Trend to make much sense of it. …read more
The release by the Dept of Employment of their Small Area Labour Market (SALM) data for the third quarter to Sept 2016 confirms the weaker story that we’ve been seeing in Townsville. The SALM data is based on a range of indicators including ABS Labour Force data for the SA4 areas, …read more
ABS released their monthly unadjusted regional building approvals data for October this morning and we have updated our own Conus Trend series. Given the declines at a state level it is little surprise to see Trend approvals in our region also falling. At the SA4 level we see Cairns Trend …read more
Our own Conus Trend series for Cairns SA4, based on the original ABS regional data, showed a reduction in Trend unemployment in October to 7.3%. The Dept of Social Security payment recipients data released on Weds appears somewhat less positive. Although recipient numbers fell the Conus Trend series showed a …read more
The release today by the ABS of their original, unadjusted regional labour force data allows us to update our own Conus Trend series. What we see is (again) confirmation of the improving story in Cairns but, unfortunately, a reversal of the brighter picture for Townsville that we noted (and questioned!) …read more
Kier Shorey from ABC Far North spoke to Pete this morning about yesterday’s labour force data for Queensland (you can read yesterday’s commentary below). Later in the morning Kier also spoke to QLD Treasurer Curtis Pitt and I was struck by Pitt’s contention that the Participation Rate “goes up and …read more
ABS data this morning for residential Building Approvals in the Far North paint another disappointing picture after a weak month previously (see here). The original data for September shows that an apparent slight recovery in Townsville in August was merely a blip, and the ongoing weaker numbers elsewhere continue. As …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series