Yesterday saw the release of the ABS Regional Building Approvals data for December. The ABS provide the data only as an unadjusted monthly series, so we prefer to study our own Conus Trend to get a meaningful picture. In the Cairns region (including Douglas Shire) the ABS reported just 55 …read more
Today’s release of the (unadjusted) ABS labour force data for regions allows us to update our own Conus Trend series for the Queensland regions. In Cairns we saw the Conus Trend unemployment rate fall to 7.2% (7.5% in Nov); its lowest level since Aug 2011. Trend employment in Dec increased by …read more
I’ve been away enjoying some snow in Japan so have missed the past two week’s of data since the New Year. This post is an abridged version to simply update some charts and make a few comments… Building Approvals. The November nationwide approvals numbers (seasonally adjusted) saw a big dip …read more
I’ve just arrived back on dry land so wanted to update the Dept of Employment Small Area Labour Market (SALM) data for the Sept quarter before the Christmas break. The SALM data is based on a range of indicators including ABS Labour Force data for the SA4 areas, youth and …read more
The release of the regional labour force data from the ABS this morning contains some good Xmas cheer for the North and Far North. As always the original ABS data is unadjusted so we need to focus our attention on the Conus Trend numbers. In Cairns for November the Trend shows …read more
With the headlines talking about the imminent closure of the Yabulu Nickel Refinery and the loss of up to 800 jobs, today’s regional building approvals data from the ABS are another sorry story that Townsville could really do without. As we noted last month (see here), the unemployment situation in …read more
In response to comment by a reader, I have taken a look at the “older” cohort of workers in the Cairns region. The ABS provide regional data from the groups from 45 years and over, so this is what I have used to create the new Conus Cairns Older Trend. …read more
The release this morning by the ABS of their regional (unadjusted) labour force data for Oct doesn’t appear to change the picture much for the Far North, despite the improvements we saw at national and state level last week (see here for our commentary). As always the raw ABS data …read more
The release of the regional Building Approvals data for Sept is a bit of a mixed bag for the area. The unadjusted ABS data is, as always, too volatile to use as a clear guide. Rather we need to focus on the Conus Trend. In Cairns (incl Port Douglas) the …read more
Pete was interviewed by Kier Shorey on ABC Far North this morning regarding the Cairns and Townsville jobs data released yesterday. You can hear the interview below.