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Today’s release of the March 2020 quarter Labour Account data series 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 each industry …read more
There has been a lot written about the fact that the Participation Rates across Australia fell sharply as the effects of the COVID-19 lock-down took effect. These falls at national, state and regional level had the effect of suppressing the anticipated rises in the unemployment rates. Participation rates, prior to …read more
Much has happened since we last updated our model projections. We’ve had the ABS regional labour force data (see here for commentary and the Conus/CBC Staff Selection Trends) which showed large declines in participation across the nation, state and regions; the ABS produced their Payroll data up to the week …read more
I spoke about regional employment in Central and North Queensland on a webinar organised by Solar Citizens yesterday. I was joined by Solar Citizens National Director, Ellen Roberts and David Leitch from energy specialist consultancy ITK who spoke about the opportunities in the solar and wind space for Central and …read more
The release of the April Labour Force survey today was always expected to throw up some surprises. This is the first monthly data set that reveals the true extent of the COVID-19 impacts on the labour market. Market expectations around the level of employment losses had been remarkably similar (given …read more
The ABS released their special bi-weekly jobs data today. It showed jobs falling by 6.9% in the month from 21st March in Australia; the decline was 6.1% in Queensland. The breakdown by industry showed; Accommodation & Food down 30.9%/27.9% (Aus/Qld) Arts & Recreation down 11.8%/11.2% Retail down 6.0%/6.1% Construction down …read more
As new data becomes available, and the start of retsrictions being eased appears to get earlier, we have updated and expanded the reach of our GDP/GSP/GRP and unemployment forecasts. We now see Australian unemployment peaking at around 11% in the second quarter before falling back below 10% by September. Things …read more
The ABS released their original, unadjusted regional labour force data this morning which allows us to update the Conus/CBC Staff Selection Regional Employment Trend series for the QLD SA4 regions. While last week we saw the Trend unemployment rate in Queensland decline to 5.7% (see here for details) today’s data …read more
Yesterday saw the ABS release the first of their weekly releases looking at payroll and wages data. This new data set, well in advance of the full April Labour Force survey, gives us a first opportunity (albeit with some caveats and reservations) to see the impact of the COVID-19 inspired …read more
The March ABS Labour Force survey, the data from which was released this morning, was conducted in the early part of March and as such was never going to capture the full extent of the COVID-19 impacts. Nevertheless the results have surprised the markets and, given what we know has …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series