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A sharp jump in employment, as lock-downs ended in NSW and Victoria, has seen the nation’s headline unemployment rate fall back to 4.6%. Australia added 366,100 to the number employed in November and despite a sharp rise in participation (to 66.1) this managed to translate into an unemployment rate of …read more
The headline CPI figure for the third quarter came in broadly in line with market expectations. The quarter-on-quarter increase was unchanged at +0.8% (actually unchanged at +0.76%) but the year/year increase fell back to +3.0% (from +3.8% in the June quarter) as base effects unwound. However, what is far more …read more
The Labour Force data for Sept from the ABS this morning show us the impact that lockdowns in NSW, Victoria and the ACT are having while also confirming that QLD (which has been largely exempted from the Delta pain felt elsewhere) has seen very solid improvements. Across the nation as …read more
Although Cairns’ unemployment rate looks wonderful (4.6% Trend & 4.1% s.a. Conus/CBC Staff Selection series) there is a gloomy statistic which highlights how far behind the rest of the State the region is tracking. When we consider the rate of employment growth in Cairns relative to other places across the …read more
The ABS-produced Consumer Price Index (CPI) measures inflation for a basket of good and services in the 8 Capital Cities and then uses that data to produce a weighted average for the nation. This is the headline inflation number with which we are all familiar; and in the second quarter of …read more
We have previously discussed the idea of effective unemployment rates which take into account the distorting effects of workers on zero hours and moves in participation rates on headline unemployment rates (see here for one of our earlier explainers). When we crunch today’s labour force numbers for August we see …read more
Tourism Research Australia have released their monthly Snapshot domestic tourism data for June; and it confirms that the domestic regional tourism boom which started last year continued into the middle of this year. Clearly, the lock-downs in NSW, Victoria and ACT are likely to have changed that picture significantly from …read more
The National Skills Commission has released their employment projections out to November 2025 (based on ABS industry employment data to Nov 2020). These provide us with a look at what the Commission are expecting in terms of employment growth and which industry sectors are likely to see what growth. The …read more
Against the expectations of many employment lifted slightly in July, up by 2,200 (there was at least one notable exception to the those expecting a fall; Justin Smirk at Westpac was calling for a lift in employment and his note is well worth reading for insight into why today’s numbers …read more
The ABS-produced Consumer Price Index (CPI) measures inflation for a basket of good and services in the 8 Capital Cities and then uses that data to produce a weighted average for the nation. This is the headline inflation number with which we are all familiar; and in the second quarter …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series