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Much has been written about movements in the Participation Rate (PR) and the impact this has on unemployment rates; if participation increases then any decline in the unemployment rate is harder to achieve with more people entering the labour force (and vice versa). The discussion is certainly a valid one, …read more
Dept of Social Services dats for March shows original number of JobSeeker recipients across Australia fell in March to 1.3 million (down 4.5% m/m and up 46.3% y/y). This is a 20.7% decline from the highs seen in May last year. In Queensland numbers also fell, here by 3.4% m/m …read more
We really should be used to it by now! The March Labour Force Survey data has once again beaten market expectations by a long way; employment was up 70,700 in March (the market had been expecting half of that) with the unemployment rate falling to 5.6% (expectations had been for …read more
Tourism Research Australia today released their snapshot domestic tourism data for January, and it showed regional Queensland (indeed regional areas of all States) continuing to demonstrate what can only be described as a resurgent boom. For the year to January domestic tourism expenditure across Australia fell 16.4%; NSW was -13.0%, …read more
Data from the ABS for residential building approvals in February confirms that the surge continues apace. Across the nation approvals are now up 20.1% y/y after a month-on-month bounce of 21.6%. House approvals are driving the national surge (up 57.9% y/y) while unit approvals remain 26.3% below their level of …read more
It will come as no surprise, but domestic tourism fell sharply during 2020! The Tourism Research Australia National Visitor Survey for the December quarter (released this morning) shows total (overnight and day trip) visitor numbers fell 38% for the year while expenditure was down 41%. Queensland fared slightly better with …read more
In the year to end June 2020 population in Australia was up 1.3%; with 41% of that increase coming from natural growth and the other 59% from external migration. In Queensland we saw growth of 1.6%; with 34% being accounted for by natural growth, 31% from internal migration and 35% …read more
As we noted last week (see here), Queensland’s labour market has been performing relatively well during recent months with total employed up 1.3% in February from a year earlier (while nationwide that figure is unchanged). Inevitably, with the Queensland Government’s own Public Service employment data (data only up to Sept 2020) …read more
The February labour force data from the ABS shows a stunning surge in employment which has taken the number in work back to virtually the same level as a year ago, pre-COVID (actually -0.01% y/y). Employment jumped a thumping 88,700 (with full-time employment up 89,100) and while participation remained unchanged …read more
We’re still waiting for the December quarter National Visitor Survey from Tourism Research Australia, which we allow us to see how domestic tourism has been doing region by region. But in the meantime TRA have just released their NVS Monthly Snapshot for December, and what is shows is domestic tourism …read more
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