In common with the national and State data seen last week (see here for details) the regional data for June shows an improvement across many regions. The Conus/CBC Staff Selection Trend shows a similar story panning out across both Greater Brisbane and the Rest of QLD. In Greater Brisbane Trend …read more
Today’s June Labour Force data has provided something for everyone…and a big surprise for most. Expectations had been for employment to improve by about 100K in June with the unemployment rate either going up slightly, staying stable, or moving down slightly depending upon what you thought participation was going to …read more
Payrolls data from the ABS (sourced weekly from the ATO’s Single Touch Payroll system) shows that payrolls across the nation were down 5.7% by the 27th June from their levels in mid-March. Across Queensland the decline was slightly better at 5.2%. Data at the regional level at this stage is …read more
Tourism Research Australia have released their International and National Visitor Surveys for the year to March 2020 today (see here). This is the first of the quarterly data that will start to exhibit some of the COVID-19 related impacts. The pandemic began to affect travel from China early in 2020, …read more
Residential building approvals fell by 16.4% m/m and were down 11.6% y/y in May as large declines in unit approvals, particularly in NSW and Victoria took hold. Across the nation as a whole unit approvals fell almost 30% for the year while house approvals were marginally higher (+0.6%). In Queensland …read more
The release today of the ABS original labour force data at the regional level allows us to update our Conus/CBC Staff Selection Regional Employment Trend series (please see the note at the start of a previous post regarding Trend data at a time of such high volatility). While employment has …read more
The Dept of Social Services today released the latest JobSeeker data for May. It shows the total of those claiming JobSeeker and Youth Allowance (other) has increased by another 21.8% since April with now 1,635,286 people claiming the benefits. This is up from 442,500 claiming the old Newstart and Youth …read more
Despite some encouraging Payrolls data from the ABS and ATO for May from earlier this week (about which we advised a good deal of caution..see here) today’s Labour Force data for May shows another substantial decline in the number employed and, perhaps surprisingly, another drop in participation. Note; The ABS …read more
The release of the ABS original regional building approvals data allows us to update our Conus Trend series for April. Lats week we saw nationwide Trend approvals up 3.9% for the year while Queensland registered a 6.4% decline. Today’s data allows us to see that Greater Brisbane approvals fell 8.7% …read more
Today’s release of the March 2020 quarter Labour Account data series provides a wealth of information. One thing it allows us to do is take a look at incomes across various industry sectors and how they have changed in the past 12 months. The data provides us, for each industry …read more