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After the bizarre jobs data last week (see here for commentary) it is worth remembering that on a Trend basis Queensland saw the unemployment rate tick up to 6.7% from 6.6%. Fortunately the story in the Far North is looking better than that, with yet another month of improvement in …read more
Before the previous state election the LNP’s Economic Blueprint for Queensland committed the new state government to achieving an unemployment rate of 4% in six years (not in this first term, as some seem to be be assuming). With unemployment currently running at 6.7%, and trending higher, what are the chances …read more
After the shock of a weak jobs report last month (see here), the data for August has come in so strong that it’s almost beyond belief. The headline seasonally adjusted unemployment rate has fallen to 6.1% from 6.4% in July with a massive 121,000 new jobs in the month. The …read more
Despite reporting as “news” data released more than 2 weeks ago (the regional labour stats) The Cairns Post has still managed to get it wrong! Today’s story is based on ABS data from Aug 14th and Herron Todd White’s Cairns Watch for August. Unfortunately when it comes to reporting the …read more
Comments from a reader to yesterday’s post regarding Cairns and Townsville regional labour force data, together with a post from Loose Change on Cairns Participation, have spurred me into taking a closer look at Participation in both regions and the effect this is having on the unemployment rate. To recap; …read more
The ABS release of regional labour market data has shown the Cairns region performed remarkably well in July despite the national and state weakness that we saw last week (see here for our comments at the time). The headline, unadjusted data might appear unbelievably good but when we see through that and …read more
Yesterday saw plenty of commentary about the poor jobs numbers (see our own piece here). In particular we, and others, highlighted the weakness in the QLD data (see here). Predictably today has seen something of a rush to defend the record from the State Government. This article sums up the …read more
This morning’s labour force data was a shocker for QLD, particularly when we consider the situation for full-time jobs. The chart below makes it clear that, as far as full-time jobs are concerned, the Blues not only won Origin but are thrashing the Maroons here too. QLD is the only …read more
Today’s labour force data from the ABS for July is a shocker. Jobs, which had been expected to rise by about 12,000, actually fell 300 (and June’s increase was revised lower to +14.9). The headline seasonally adjusted unemployment rate jumped to 6.4% (from 6.0% in June); the increase slightly mitigated …read more
Data released overnight shows the US jobs market continuing to perform steadily (if less spectacularly than had been expected). Non-farm payrolls grew by 209,000 in July. Payrolls for both May and June were also revised up by a total of 15,000. The monthly average over the past 6 months now …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series