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The latest Cairns Watch from Herron Todd White (available here), confirms our own Conus Trend analysis of the Cairns labour market. Back on May 14th we posted that the Trend unemployment rate in the Cairns region had improved to 7.2%, unchanged from a downwardly revised April number. You can read our …read more
A very strong set of non-farm payrolls numbers from the US overnight has reignited thoughts of a hike in rates from the Fed as early as Sept this year; and that has seen the US$ rally (the A$ lost almost a cent on the data release and now stands at …read more
Over the years we’ve got used to Bob Katter’s rather eccentric views and often distorted view of the world. In a piece in today’s Innisfail Advocate he rails against the Federal budget for apparently not stopping “600,000 migrants a year” from taking our jobs. He then points to an “additional …read more
The ABS regional labour market data released this morning confirms the ongoing improvement in the jobs market in Cairns (see here for last month’s post). As always the raw unadjusted data needs to be set aside in favour of our Conus Trend series to get a true picture of what …read more
The ABS released the April labour force data yesterday and despite the headline, seasonally adjusted unemployment rate ticking up from 6.1% to 6.2%, the data is actually pretty good. A total of 2,900 jobs were lost during the month (seasonally adjusted) but the substantial increase seen in March was revised …read more
A piece last week on the Cairns Now website, referring to our own analysis of the March Regional Labour Force data, made note of the variation in the data for males and females in Cairns. The Cairns Now journo was relying on the unadjusted ABS data as there has been …read more
The ABS today released their unadjusted March regional labour force data. The headline data for Cairns showed the unemployment rate stable at 7.9%, while Townsville saw unemployment jump to 9.2% (from 7.7% last month). However, as always, these unadjusted numbers need to be considered at the Conus Trend level to …read more
The ABS jobs data for March has come in a lot stronger than anticipated with the headline unemployment rate falling to 6.1%. The market had been looking for a total of about 15,000 jobs to be added in March, in fact the data shows a huge 37,700 new positions (31,500 …read more
Following previous posts and media comment about the seemingly wide divergence between Herron Todd White’s and our own Trend unemployment rates for the Cairns region (see here) it is interesting to note that they have almost converged for the latest Feb data. Yesterday saw HTW produce their Cairns Watch (available …read more
The Dept of Employment released their December quarter Small Area Labour Market (SALM) data today. The SALM estimates are created using data from Centrelink data of people in receipt of Newstart and Youth Allowance by postcode, the ABS regional labour market data at SA4 level and the Census labour force data …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series