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As the extreme impacts on a raft of economic data collected by them became clear the ABS, in many instances, have suspended the production of their Trend estimates. The reason the ABS have provided is along the lines of the following (which relates specifically to the Labour Force data but …read more
The ABS have released their quarterly measure of inflation pressures for the second quarter this year; and it contains no surprises. Inflation remains muted (+0.4% q/q and +2.1% y/y) with “core” inflation somewhat lower at +0.5% q/q and just +1.9% y/y. This result is very much as the markets had …read more
I love the charting that my friends at CCIQ have done previously looking at the relative scale (in Gross Value Added and employment terms) of the various industry sectors in Queensland. The Conus Trend Industry Jobs data has been one of the inputs used so, with some help from the …read more
Today saw the release of the Building Activity data for the second quarter of 2017 and it shows dwellings under construction falling in QLD (in particular unit construction)…see the chart below from Stephen Gosarevski, Economist at CCIQ. But as readers will know, the trend in residential building approvals in QLD …read more
Pete was on radio 4CA this morning with John MacKenzie talking about his submission to the Productivity Commission’s Transitioning Regional Economies report (you can download the full submission from the PC website here). You can listen to the interview below.
One of the less publicised elements of the 2017-18 Budget released on Tuesday was the decision to slash funding to the Australian Bureau of Statistics (ABS). Tucked away in Budget Paper 4; Agency Resourcing is a reduction in funding for the agency of some $218m (33.6%) for the next financial …read more
Among all the Budget 2017-18 announcements and trumpeted measures (of which Nick Behrens from QEAS provides as good a summary as any here) the most interesting (disappointing?) chart for me comes in Budget Paper 1, Statement 3 regarding the Structural Budget Balance. As the Budget acknowledges; “Restoring the structural integrity …read more
Apologies to any others, but if you’re not a dyed in the wool economics tragic read no further. Back in uni days (over 30 years ago now) the old Phillips Curve theory was still being tossed around (although with modifications from the 1950’s original) and it’s always been something I’ve …read more
The 2015-16 Budget announced last night contains some welcome initiatives for small business. The reduction in the tax rate for small business to 28.5% will actually impact only a few companies, so the 5% tax discount (up to a max of $1,000 per individual) for small non-incorporated businesses is perhaps …read more
A great friend of ours, Graham Turner, runs an independent economic consultancy (GFC Economics) in London. Graham founded GFC in 1999 after many years working as an economist with various international investment banks in the City. Graham has written a number of highly regarded books, the most recent of which …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series