Tourism in the Far North

The data from Cairns Airport for July shows a very solid pick up in both international and domestic passenger numbers. Our Trend estimate suggests that total monthly numbers are now approaching 400,000 which is only 7.5% below pre-COVID levels at this time of year. Most of this shortfall is from …read more

Public Sector employment picks up in Queensland

Data for the May 2023 quarter shows that while Public Sector employment across the nation has remained relatively static over recent quarters, here in Queensland there has been a distinct move up. Since August 2014 Public Sector employment across Australia has grown by 37.8%, far outstripping the Private Sector which …read more

Domestic Tourism in Regional Queensland still very strong

The latest domestic tourism expenditure snapshot data from Tourism Research Australia for June shows that the boom in domestic tourism, particularly across Regional Queensland, remains well in place. The monthly snapshot expenditure data is no more granular than “Regional QLD” and “Greater Brisbane and Gold Coast”, so we cannot say …read more

2nd Quarter GDP +0.9% q/q, +3.6% y/y. 2021/22 +3.9%

The second quarter GDP data released this morning was broadly in line with expectations with a 0.9% q/q increase on the back of the previous quarter’s 0.7% increase (actually revised slightly down from +0.8%, but Q4 2021 was revised up) which leaves us 3.6% up from the same period a …read more

Cairns adds to Trend employment again. Unemployment rate at just 4.8%

The July ABS Labour Force data released this morning allows us to update the Conus/CBC Staff Selection Regional Employment Trend data for all of Queensland’s regions. Despite the (seasonally adjusted) employment data at the State level showing a decline in employment of 6,200 for the month, Cairns managed to record …read more

Inflation jumps as expected. Conus All Australia CPI +6.3% y/y; ABS Capital Cities CPI +6.1% y/y

The data for the second quarter CPI shows (as generally expected) that inflation has moved further above the RBA’s target range of 2-3%. Headline CPI was up 1.8% q/q for a y/y increase of 6.1% (up from 5.2% in the March quarter).  The RBA’s Core inflation measure also increased; up …read more

Queensland Public Service employment details March 2022

The biannual report on the status of the Queensland Public Service workforce for March 2022 shows that Public Service headcount grew by 1.9% y/y and now represents 10.5% (its lowest level since March 2016) of the total number employed in the State. Over the course of the year total employment …read more

Another strong labour market report

The Australian labour market strengthened again in May. Employment lifted by 60,600 (with an increase in full-time positions of 69,400) and the unemployment rate remained steady at 3.9%. The fact that hours worked per capital rose by 0.8% m/m and now sits at a 11-year high of 88 hrs/capita indicates …read more

Unemployment hits new lows

The unemployment rate in April has hit its lowest level since mid-1974 at just 3.9% (March was revised down from 4.0% to 3.9%) as another 4,000 were added to those employed. However, of real note was a huge jump in full-time positions (up 92,400) which saw total hours worked up …read more

Cairns Trend employment hits record highs in March

The ABS original regional labour force data released today allows us to update the Conus/CBC Staff Selection Regional Employment Trend. This shows that Trend employment in Cairns increased in March by another 1,800 and for the first time ever now sits above 141,000 (actually 141,100). Despite the Participation Rate once …read more

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