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Up to now Conus has used X-12-ARIMA for the seasonal adjustment and trend estimation of a variety of regional data sets, including the Conus/CBC Staff Selection Regional Employment data. X-12-ARIMA was the successor to the X-11 method implemented by the US Census Bureau and is used by many statistical agencies …read more
Latest data from the ABS for the 2020/21 financial year shows the total number of businesses in the Cairns Regional Council area grew by 289 over the past year. If we compare to the most recent pre-COVID data (i.e. 2018/19) we see 229 more businesses. Between 2019 and 2021 the …read more
The ABS original regional labour force data released today allows us to update the Conus/CBC Staff Selection Regional Employment Trend. This shows that Trend employment in Cairns increased in March by another 1,800 and for the first time ever now sits above 141,000 (actually 141,100). Despite the Participation Rate once …read more
The Queensland Valuer-General has released the land valuations (upon which Councils base their rates) for 2022, and they are likely to result in some rates surprises across the Far North when rates notices go out later this year. Councils base the rates landowners pay on the Land Valuations as applied …read more
The original ABS regional labour force data for Feb, released this morning, allows us to update our own Conus/CBC Staff Selection Trend series. This shows Trend employment growing in Greater Brisbane at a significantly faster pace than across the Rest of QLD. Greater Brisbane has added 72,400 to Trend employment …read more
There has been some media interest yesterday and today for a Tweet we made yesterday about the fact that the median house price in Cairns has now returned to where it was about eleven years ago…just over $400,000. Despite solid interest in the property market in the past two years …read more
Data today from the Dept of Social Services shows that the total number of JobSeekers in the Cairns region has fallen in January, after a modest increase at the end of last year. When we consider the original, unadjusted data through the lens of the Conus/CBC Staff Selection Trend we …read more
Regional ABS Labour Force data, when seen through the lens of the Conus/CBC Staff Selection Trend & s.a. series, shows Cairns having gained 5,500 jobs over the course of the year to December (although this remains more than 4,000 below the employment level of Feb 2020). Even with participation picking …read more
Having briefly dipped below 1 million in November today’s JobSeeker data for December shows the trend reversing and the total number claiming benefits back above 1 million (1,028,564). The move is reflected in Queensland where JobSeekers are at their highest level since August (231,231). In Cairns we also see a …read more
Last week’s building approvals data showed approvals in November across Australia remained down 7.7% from a year earlier. In Queensland the result was better with a 5.0% increase. However, the data today of the regional breakdown of those numbers, when seen through the lens of the Conus Trend, show that …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series