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Data released this morning by the Dept of Social Services shows JobSeeker numbers across the nation fell slightly in Sept although our own Conus/CBC Staff Selection Trend series suggests a slight increase which brings the y/y decline to 33.2% (from 33.3% last month). In Queensland, again the original data shows …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
Data today from the ABS confirms that the recent slowdown in building approvals growth we have seen across Queensland (year/year increase in August down to +32% from +96% as recently as March) is being driven primarily by a slowdown in the regions. The August regional data from the ABS, when …read more
Monthly Snapshot data for July from Tourism Research Australia released today shows that, despite the start of lockdowns taking effect in NSW and Victoria, domestic tourism in regional Queensland remained very strong (as it has been since the latter part of last year). Clearly Queenslanders are still travelling, and spending, …read more
The latest ABS release of the weekly payrolls data to 11th Sept confirms quite how well Queensland has been doing compared to the other major states as the impact of lockdowns continue to hit NSW and Victoria hard. Over the 8 week period from 17th July the Australia payrolls index …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
Today’s quarterly data from the ABS allows us to revisit the split between Public and Private sector employment in Queensland; and the results might surprise you. Public sector employment (which includes Federal, State and Local Government employees) is down 6.7% year-on-year (Conus seasonally adjusted series) while Private sector is up …read more
The Dept of Social Services data for JobSeeker numbers in August, when seen through the lens of the Conus seasonally adjusted series, showed a small 0.9% m/m increase across Australia, although this still represents a 33.6% decline from a year earlier. Queensland was up 3.2% m/m and is now down …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
The August Labour Force data released by the ASBS this morning showed a thumping 146,300 decline in employment (market expectations had been closer to a drop of 100,000) but a seemingly paradoxical drop in the headline unemployment rate to 4.5%. But don’t be mislead; these are bad numbers and the …read more
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