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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
Following on from our post the other day, Gene Tunny over at Queensland Economy Watch has used our Conus Trend data to compare jobs growth in SEQ (Brisbane plus the Gold and Sunshine Coasts) with the Rest of QLD. What he finds clearly shows the sharp disparity between what has been …read more
Our new Conus Trend employment data for all the QLD regions (available here) allows us to look in more detail at how jobs growth has been split between Greater Brisbane and the Rest of QLD. In the chart below we have taken the 12 month moving average of our own …read more
Today’s release of regional labour force data from the ABS shows the unadjusted unemployment rate in Cairns ticking higher to 8.2% in June (from 5.3% in May). However, as ever, we really need to consider the Conus Trend series to make any sense of this highly volatile data. The Conus …read more
Despite a tick up in the headline, seasonally adjusted, unemployment rate in June to 6.0% (from an upwardly revised 5.9% in May), the data is certainly not all bad. Jobs increased by 15,900 in the month with a decline of 3,800 full-time jobs more than offset by 19,700 new part-time …read more
Data out overnight has shown the US labour market continuing to improve. Non-farm payrolls increased by 288,000 in June (far better than had been expected). Data for April and May was also revised higher with an additional 29,000 added to the two months. With participation remaining fairly static at 62.8 …read more
Gene Tunny over at Queensland Economy Watch has posted an interesting graph of jobs vacancies in QLD. As Gene notes, the current weakness in vacancies could well signal a subdued outlook for the state’s labour market in coming months. Last month’s unemployment rate for QLD fell slightly (see our commentary …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series