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Today’s short term arrivals and departures data for April give us a tantalising suggestion that Queensland might just be getting its tourism mojo back. The TRA International Visitor Survey (which was due on June 6th) for the March quarter is yet to be released and that will help to confirm, …read more
The Dept of Employment recently released the latest Small Area Labour Market (SALM) data at the Local Government Area level for the quarter to March 2018. Using the unsmoothed (original) SALM data, which is tucked away in the explanatory notes section, we have created a Conus SALM Trend series of …read more
Today’s labour force data for May was somewhat below market expectations. Seasonally adjusted employment rose by 12,000 (and April was revised weaker) but all the growth came in part-time employment with full-time dropping 20,600. Over the course for the past year employment is now up 303,900 but full-time has increased …read more
Yesterday’s Queensland Budget for 2018-19 was a disappointment to us largely due to the lack of any attempt to reign in the ballooning public sector employment costs. It is this issue (rather than increasing debt levels) that concerns us greatly and we believe that without serious efforts to control the …read more
As we wait for the release of the 2018-19 Queensland Budget this afternoon (or at least the parts of it that haven’t already been announced) we wanted to focus attention on the employee costs component. Much attention will be given over to the infrastructure promises which will be made, and …read more
The release by Queensland Treasury of the State Accounts for the fourth quarter of 2017 has finally appeared just a few days out from the State Budget next week. While the ABS produce Gross State Product (GSP) data only on an annual basis for the June quarter, the QLD Treasury produce …read more
The GDP data for the first quarter has shown a sharp pick-up from last quarter and was somewhat higher than market expectations. On a seasonally adjusted basis GDP rose 1.0% for the quarter, or 3.1% from the same time a year ago. This brings the cumulative increase for the year …read more
The release by the ABS of the April regional building approvals data is best seen through the lens of the Conus Trend. In April we saw the ABS Trend for residential approvals in Queensland up by 5.6% for the year (see here for details). When we consider the Conus Trend …read more
Yesterday’s release of April building approvals numbers were disappointing for the market with a 5% decline for the month, translating into a 1.9 rise over the course of the year (seasonally adjusted). However, with highly volatile units approvals impacting these numbers, we prefer the Trend series which showed a 0.1% …read more
The regional employment data for April from the ABS needs to be seen through the lens of the Conus/CBC Staff Selection Employment Trend to make much sense of. What this shows us is the picture in Cairns continues to deteriorate with Trend employment having fallen for 9 consecutive months. Trend …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series