Labour Force; national data hit by lockdowns while QLD powers ahead

The Labour Force data for Sept from the ABS this morning show us the impact that lockdowns in NSW, Victoria and the ACT are having while also confirming that QLD (which has been largely exempted from the Delta pain felt elsewhere) has seen very solid improvements. Across the nation as …read more

Payrolls data confirms just how well (relatively) QLD has been doing

The latest ABS release of the weekly payrolls data to 11th Sept confirms quite how well Queensland has been doing compared to the other major states as the impact of lockdowns continue to hit NSW and Victoria hard. Over the 8 week period from 17th July the Australia payrolls index …read more

The gloomy stat behind Cairns’ good-looking unemployment rate

Although Cairns’ unemployment rate looks wonderful (4.6% Trend & 4.1% s.a. Conus/CBC Staff Selection series) there is a gloomy statistic which highlights how far behind the rest of the State the region is tracking. When we consider the rate of employment growth in Cairns relative to other places across the …read more

Cairns employment deep dive…August data

A lot has changed in Australia’s labour market since the COVID pandemic struck. Lockdowns, lock-outs, payroll support, increased JobSeeker payments and workers working zero hours have all had profound impacts, to the point where the headline unemployment rate (now the seasonally adjusted series since the ABS had to suspend the …read more

Public/Private employment split in QLD…it’s not what you might think

Today’s quarterly data from the ABS allows us to revisit the split between Public and Private sector employment in Queensland; and the results might surprise you. Public sector employment (which includes Federal, State and Local Government employees) is down 6.7% year-on-year (Conus seasonally adjusted series) while Private sector is up …read more

Trend employment in Cairns not being impacted by the tourism lock-out….yet

The ABS release of original regional labour force data today allows us to update the Conus/CBC Staff Selection Regional Employment series. This shows us that, despite the tourism slowdown caused by the NSW, Victoria and ACT lockdowns (and the resultant lock-out for the Cairns tourism sector), Trend employment in Cairns …read more

A closer look at what’s happened in the Cairns labour market since COVID

A lot has changed in Australia’s labour market since the COVID pandemic struck. Lockdowns, lock-outs, payroll support, increased JobSeeker payments and workers working zero hours have all had profound impacts, to the point where the headline unemployment rate (now the seasonally adjusted series since the ABS had to suspend the …read more

Zero hours and declining participation drive ‘effective unemployment rate’ higher

We have previously discussed the idea of effective unemployment rates which take into account the distorting effects of workers on zero hours and moves in participation rates on headline unemployment rates (see here for one of our earlier explainers). When we crunch today’s labour force numbers for August we see …read more

People drop out of labour force as lock-downs bite

The August Labour Force data released by the ASBS this morning showed a thumping 146,300 decline in employment (market expectations had been closer to a drop of 100,000) but a seemingly paradoxical drop in the headline unemployment rate to 4.5%. But don’t be mislead; these are bad numbers and the …read more

Average Incomes rise strongly in Cairns in the year to June 2021

The ABS have just released the June 2021 quarter Labour Account data series which provides a wealth of information. One thing it allows us to do is take a  look at incomes across various industry sectors and how they have changed in the past 12 months. The data provides us, for …read more

© Conus Business Consultancy Services 2021

Website created by RJ New Designs