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The November labour force data from the ABS will have provided just a touch of Xmas cheer in Canberra, Brisbane and Martin Place. The headline, seasonally adjusted unemployment rate dipped to 5.2% (from 5.3%) while employment lifted 39,900 (much better than the anticipated +15,000), although we should note that Oct’s …read more
Today’s release of the Sept 2019 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 table below shows, for selected industries, the year-on-year changes …read more
There’s been plenty written about the fact that the Participation Rate across Australia is at, or near, record highs and the effect this has had on suppressing unemployment rate declines, even as employment growth remains reasonable. Participation rates are so high largely due to significant shifts in the participation of the …read more
Last week at the launch of the Invest Cairns initiative from The Cairns Post and Advance Cairns the issue of economic diversity, and in particular the diversity of the Cairns economy, was a major topic of conversation. My presentation at the launch presented some clear evidence that the Cairns economy …read more
The October labour force survey data from the ABS showed employment fell 19,000 (seasonally adjusted) which left the unemployment rate at 5.3% afetr particiaption fell slightly. This is only the second monthly drop in employment since October 2016. Casting our eye to the rather less exciting (but in our opinion …read more
Data released today by the ABS for Public Sector employment shows that State government employed workers in QLD grew at a rate below that seen nationally in the year to 2018/19, although growth over the past 5 years is running well ahead of the national average. 2018/19 Commonwealth State Local …read more
The latest data from the Dept of Social Services of the number claiming Youth and Newstart Allowances in the Cairns region (when seen through the lens of the Conus/CBC Staff Selection Jobseeker Trend) suggests that the labour market in the region remains robust. This despite a slight up-tick in the …read more
A press release yesterday from the QLD Govt, and associated social media posts like this from Jackie Trad, are suggesting that there is a jobs boom underway in regional QLD. While we steer away from making political comment on this forum we will make comment about data, and whether it …read more
The release by the ABS of the Sept original regional labour force data today allows us to update our Conus/CBC Staff Selection Trend for the QLD regions. With the state-wide Trend unemployment rate lifting to 6.6% (see commentary earlier) it is no surprise to see the Trends at a regional …read more
We’ve been away for a couple of weeks and, while enjoying the delights of the Canberra Centenary Trail (and Canberra in general), quite a bit of data has landed. So, without wishing to rake over old coals and repeat commentary that you’ve no doubt already seen, I thought it worth …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series