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I’ve been away enjoying some snow in Japan so have missed the past two week’s of data since the New Year. This post is an abridged version to simply update some charts and make a few comments… Building Approvals. The November nationwide approvals numbers (seasonally adjusted) saw a big dip …read more
I’ve just arrived back on dry land so wanted to update the Dept of Employment Small Area Labour Market (SALM) data for the Sept quarter before the Christmas break. The SALM data is based on a range of indicators including ABS Labour Force data for the SA4 areas, youth and …read more
The release of the regional labour force data from the ABS this morning contains some good Xmas cheer for the North and Far North. As always the original ABS data is unadjusted so we need to focus our attention on the Conus Trend numbers. In Cairns for November the Trend shows …read more
After last month’s stellar jobs data (see here for commentary) it was widely expected that the November data would show a decline in employment and a possible move in the unemployment rate back up to 6%. Nothing could have been further from the numbers we saw this morning! The ABS …read more
In response to comment by a reader, I have taken a look at the “older” cohort of workers in the Cairns region. The ABS provide regional data from the groups from 45 years and over, so this is what I have used to create the new Conus Cairns Older Trend. …read more
The release this morning by the ABS of their regional (unadjusted) labour force data for Oct doesn’t appear to change the picture much for the Far North, despite the improvements we saw at national and state level last week (see here for our commentary). As always the raw ABS data …read more
Today’s release of the October labour force data has caught the markets unawares with some very strong employment growth. The strong numbers have removed almost any lingering thoughts of a rate cut from the RBA in the near term and, as a result, seen the A$ climb almost a cent …read more
Pete was interviewed by Kier Shorey on ABC Far North this morning regarding the Cairns and Townsville jobs data released yesterday. You can hear the interview below.
This morning’s ABS Sept labour market data for the Queensland regions is, as always very volatile, although this month seems even more so than usual. The headline, unadjusted data shows Cairns unemployment rate jumping to 9.2% with 3,600 jobs lost in the month. To our south the original data shows …read more
The ABS labour force data for Sept released this morning shows a picture somewhat weaker than anticipated after last month’s pleasant surprise (see here for commentary regarding the strong Aug data). However, as we noted last month, the strong seasonally adjusted data for Aug disguised a rather weaker story hidden …read more
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