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Today’s ABS Labour Force data for Dec was an almost universally positive set of numbers. Looking at the Trend series we saw the unemployment rate across Australia dip to 5.14% (its lowest rate since April) as 17,500 were added to the number employed (8,900 of them in full-time positions). While …read more
The release this morning by Tourism Research Australia of the National and International Visitor Surveys for the Sept 2019 quarter (available here) will have provided some light relief for the tourism industry in our region; although the good news was restricted to the domestic sector. Across Australia total domestic visitor …read more
The ABS release of short term visitor data today for Nov 2019 shows that, as the number of visitors from China slows (or goes into decline) we are seeing total short term visitors numbers over the past 12 months slow to a rate not seen sice August 2012. Seasonally adjusted …read more
As we noted last week (see here), the decline in building approvals appears to have at least slowed. Today sees the release of the original ABS regional approvals data which allows us to update our Conus Trend series. This shows that the bulk of the ‘improvement’, in the form of …read more
The Dept of Social Services original Jobseekers data for November, released today, allows us to update our Conus/CBC Staff Selection Trend Jobseeker series for Cairns and Townsville. It shows that, while the number unemployed has lifted in recent months, the Trend number of people claiming Youth and Newstart Allowances has …read more
The ABS release of residential building approvals for November confirms the slide continues; although the rate of that decline has certainly slowed. Seasonally adjusted data for Australia shows approvals were up 11.8% m/m and remain just 3.8% lower than a year ago, which is the best result since the middle …read more
The November labour force data from the ABS will have provided just a touch of Xmas cheer in Canberra, Brisbane and Martin Place. The headline, seasonally adjusted unemployment rate dipped to 5.2% (from 5.3%) while employment lifted 39,900 (much better than the anticipated +15,000), although we should note that Oct’s …read more
As ABS Oct data shows Chinese visitations continuing to grow (+4.5% y/y) leading total short term arrivals higher (+3.1%), the State of Intended Stay data, when seen through the lens of the Conus Trend, shows Queensland (once again) underperforming against most other states. With total Trend short term visitations up …read more
Today’s release of the Sept 2019 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 table below shows, for selected industries, the year-on-year changes …read more
TRA released their annual Tourism Satellite Accounts overnight for the 2017-18 financial year. There’s a bunch of quite interesting (although obviously already almost 18 months out-of-date) stuff in the release which can be found in full here. Looking at the higher level data we see that the tourism sector generated …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series