Unemployment hits new lows

The unemployment rate in April has hit its lowest level since mid-1974 at just 3.9% (March was revised down from 4.0% to 3.9%) as another 4,000 were added to those employed. However, of real note was a huge jump in full-time positions (up 92,400) which saw total hours worked up …read more

Cairns Trend employment hits record highs in March

The ABS original regional labour force data released today allows us to update the Conus/CBC Staff Selection Regional Employment Trend. This shows that Trend employment in Cairns increased in March by another 1,800 and for the first time ever now sits above 141,000 (actually 141,100). Despite the Participation Rate once …read more

Cairns adds another 1,100 to Trend employment; unemployment rate stable at 4.0%

The original ABS regional labour force data for Feb, released this morning, allows us to update our own Conus/CBC Staff Selection Trend series. This shows Trend employment growing in Greater Brisbane at a significantly faster pace than across the Rest of QLD. Greater Brisbane has added 72,400 to Trend employment …read more

Unemployment rate drops again. QLD also strong

The official unemployment rate in February fell to 4.0% (from 4.2%) with the national economy adding another 77,400 to those employed (after a strong upward revision to the Jan data). The number of people employed in full-time employment also jumped, up 121,900,  Participation also moved higher (to 66.4%). Adding to …read more

Unemployment rate stable but hours worked shows where the weakness is. Strong month for QLD

The Labour Force Survey data from the ABS for January shows an additional 12,900 people employed (although full-0time positions dropped 17,000) and a participation rate that edged slightly higher. As a result the headline unemployment rate remained unchanged at 4.2%. Annual employment growth dipped slightly to 2.8% (from 2.9%) However, …read more

Cairns Trend unemployment rate at just 4.0% in December

Regional ABS Labour Force data, when seen through the lens of the Conus/CBC Staff Selection Trend & s.a. series, shows Cairns having gained 5,500 jobs over the course of the year to December (although this remains more than 4,000 below the employment level of Feb 2020). Even with participation picking …read more

Another strong jobs report…but this one comes from pre-Omicron days

The Labour Force survey result for December, released this morning, relates to a period just before the full effect of the unfolding Omicron outbreak was felt and just as many States (notably NSW and Victoria) were starting to open up again. As a result the fact that it shows a …read more

QLD Public Service employment up 1.9% in year to Sept

The biannual QLD Public Service workforce statistics were released yesterday (presumably so that they were over-shadowed by the Budget update) and they show Public Service full-time-equivalent (FTE) employment up by 1.9% for the year to Sept. If we ignore the increases in Health and Education (as the Coaldrake Review suggests …read more

Big jump in employment; QLD records lowest unemployment rate since Feb 2009

A sharp jump in employment, as lock-downs ended in NSW and Victoria, has seen the nation’s headline unemployment rate fall back to 4.6%. Australia added 366,100 to the number employed in November and despite a sharp rise in participation (to 66.1) this managed to translate into an unemployment rate of …read more

Not much change in Far North labour market in October

Despite large falls in employment nationally (and to a lesser degree in Queensland), the North of the State appears to have escaped relatively unscathed this month. The Conus/CBC Staff Selection Trend series shows trend employment in Cairns fell 400 (with all the losses coming from part-time positions) while Townsville added …read more

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