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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
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
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
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
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
The official unemployment rate in February fell to 4.0% (from 4.2%) with the national economy adding another 77,400 to those employed (after a strong upward revision to the Jan data). The number of people employed in full-time employment also jumped, up 121,900, Participation also moved higher (to 66.4%). Adding to …read more
The fourth quarter GDP data released this morning was broadly in line with expectations with a 3.4% q/q increase on the back of the previous quarter’s 1.9% decline (actually revised slightly better) which leaves us 4.2% up from the same period a year ago. Over the course of 2021 GDP …read more
Data today from the Dept of Social Services shows that the total number of JobSeekers in the Cairns region has fallen in January, after a modest increase at the end of last year. When we consider the original, unadjusted data through the lens of the Conus/CBC Staff Selection Trend we …read more
The Labour Force Survey data from the ABS for January shows an additional 12,900 people employed (although full-0time positions dropped 17,000) and a participation rate that edged slightly higher. As a result the headline unemployment rate remained unchanged at 4.2%. Annual employment growth dipped slightly to 2.8% (from 2.9%) However, …read more
Having briefly dipped below 1 million in November today’s JobSeeker data for December shows the trend reversing and the total number claiming benefits back above 1 million (1,028,564). The move is reflected in Queensland where JobSeekers are at their highest level since August (231,231). In Cairns we also see a …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series