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While we were overseas for the Christmas break the Dept of Employment released their Sept Small Area Labour Market (SALM) data, which we have only now seen. The SALM estimates are created using data from Centrelink data of people in receipt of Newstart and Youth Allowance by postcode, the ABS …read more
Regional building approvals data for Nov has turned out to be a bit of a mixed bag. The unadjusted data from the ABS shows that Cairns (including Douglas) saw a total of just 42 approvals (half of the total for Oct), the Cassowary Coast saw a sharp uptick to 14 …read more
The ABS November regional labour force data today confirms a worrying trend for the Cairns region. As we noted last month (see here), the region is failing to see any jobs growth and the fall in the unemployment rate is all due to an ongoing collapse in the Participation Rate. …read more
The strong bounce in national building approvals noted last week (which was not replicated in QLD) appears to have been a feature in Cairns during October. ABS data released this morning show total unadjusted approvals in Cairns and Douglas were 84; Townsville 168 and Cassowary Coast just 4. As always, …read more
I have just received the following email as an “Open Letter to the Cairns Community” from Tony Fung. The letter talks about his “commitment to one day deliver AQUIS for Cairns” (my emphasis) and notes that the delays caused in the probity investigation for the Reef Casino takeover will result …read more
NOTE regarding the ABS revisions to Sept and their impact on Conus Trend figures. The revisions to the ABS data for Sept and the preceding months, announced a few days ago and discussed here, have inevitably had an impact on the Conus Trend data for Sept. It is therefore worth …read more
Despite the rather disappointing QLD Building Approvals data reported on last week (see here), the regional data released this morning shows that things are holding up OK in the Far North. The ABS produce raw (unadjusted) data for the Local Government Areas and this shows Cairns (incl Port Douglas) at …read more
A story in the Cairns Post today discusses a “mega-familiarisation” for backpacker tour agents in Cairns. The backpacker market is obviously an important sector for the region so this is good to see happening. However, for reasons that escape us, the Post has decided to demonstrate the importance of the …read more
Although we have been, and continue to be, rather sceptical about the Master Builders Survey of Industry Conditions (largely because the forecast changes always seem either wildly optimistic, or horribly pessimistic) their most recent report for the Sept quarter (available for download here) shows actual business performance conditions (as opposed …read more
As we commented on at the time (see here) the Productivity Commission draft report into disaster relief funding contained some very worrying recommendations around NDRRA disaster funding. The proposed reduction in Federal assistance from 75% to 50% would result in a massive, and achievable, increase in the share of cash …read more
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