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While we were away over the Christmas break The Cairns Post ran a piece (see below) highlighting the differences between our own Conus Trend labour force data for the regions and the Trend data provided by Rick Carr from Herron Todd White. In actual fact Rick’s data and ours haven’t …read more
While we were overseas for the Christmas break the Dept of Employment released their Sept Small Area Labour Market (SALM) data, which we have only now seen. The SALM estimates are created using data from Centrelink data of people in receipt of Newstart and Youth Allowance by postcode, the ABS …read more
Today’s release of labour force data for Dec has shocked the market with its strength. Commentators had been expecting the headline (seasonally adjusted) unemployment rate to remain unchanged at 6.3% with about 5,300 new jobs being created. In reality we saw a huge 37,400 new jobs (with 41,600 of these …read more
Once again we see a State political party making claims regarding the number of jobs to be created. The LNP have today announced their “Jobs for Tomorrow” plan which pledges that “More than 209,000 jobs would be created in Queensland over the next six years”. The irony here is that …read more
The ABS November regional labour force data today confirms a worrying trend for the Cairns region. As we noted last month (see here), the region is failing to see any jobs growth and the fall in the unemployment rate is all due to an ongoing collapse in the Participation Rate. …read more
Data for Nov released by the ABS today shows the headline unemployment rate nudged up to 6.3% (from 6.2%) despite stronger than expected jobs growth. The labour market added 42,700 new jobs in Nov, although almost all of these (40,800) were part-time. The rather less volatile Trend series showed the …read more
The US jobs data for November has, once again, beaten expectations. Non-farm payrolls increased by 321,000. The markets had been expecting an increase of around 230,000. In addition, estimates for Sept and Oct were revised higher by a combined 44,000. A separate survey showed the headline unemployment rate unchanged at …read more
NOTE regarding the ABS revisions to Sept and their impact on Conus Trend figures. The revisions to the ABS data for Sept and the preceding months, announced a few days ago and discussed here, have inevitably had an impact on the Conus Trend data for Sept. It is therefore worth …read more
Data released overnight shows that the US labour market continued to improve in October. A total of 214,000 new jobs were added to the non-farm payrolls and, in a separate survey, the unemployment rate fell to 5.8% (from 5.9%). Although the jobs number was somewhat lower than the market had …read more
Today’s release of the October labour force data comes after the revisions foreshadowed by the ABS earlier this week (see here) and sees the seasonally adjusted unemployment rate steady at 6.2% (after Sept was revised up from 6.1%). Employment grew by 24,100 which almost exactly cancelled out the 23,700 decline …read more
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