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The release of the Jan Labour Force data was something of a curate’s egg; good news came in the shape of a further increase in employment (up 16,000 seasonally adjusted and up 23,000 Trend) while the bad news was a decline in full-time positions (down 49,800 seasonally adjusted) and upward …read more
Today’s release of regional building approvals data shows that the poor performance being seen in QLD (see here) is due to declines in the regions. Trend approvals across the state were up just 4.4% y/y in December but when we look at the regional breakdown (by way of the Conus …read more
Today’s release of Building Approvals data was a big disappointment for the markets. Expectations had been for (seasonally adjusted) data to show approvals down about 8% m/m (+11% y/y) after a 11.7% increase in Nov. In fact the monthly decline was a thumping 20% which took the annual growth into negative …read more
In discussing today’s CommSec and Deloitte reports on the Queensland economy (see here for some coverage), Treasurer Jackie Trad is claimed to have said that 85% of Queensland’s new jobs have been created in the private sector. Does the claim stack up against the data? In determining the validity of …read more
As usual, we create the Conus Trend regional jobs data from the original ABS monthly data for Dec before making any real analysis. The results for the year to Dec 2017 across the state are detailed below. We see that Trend employment growth in QLD beat the nation by a …read more
Regular readers will be well aware that there are a variety of ways that we can measure the strength of a Labour Market. A standard approach might be to track the unemployment rate (either seasonally adjusted or, preferably, Trend) but this measure can often hide nuances; the impact of increasing …read more
The release from the ABS of the Overseas Arrivals and Departures data for Nov shows short-term arrivals into Australia rose 8% for the year. Visitors from China continue to grow strongly; up 7.8% (seasonally adjusted) and up 13.7% (Trend). Short-term departures of residents (which are only provided on an original, …read more
Today’s data for the December labour force is a strong set for Australia with employment up another 34,700 (sa), or +25,000 (Trend), after the very strong data for November was revised up slightly. The market had been looking for an increase around the 15,000 level. However, an increase in participation …read more
Once again the question of the impact that Public Sector hirings are having on the labour market in QLD has raised its head again; this time by way of an article in today’s Australian by Sarah Elks. On the back of the recently released QLD Quarterly Work Force Profile for …read more
I was spurred into action this week by an article from John McCarthy in the Courier Mail (see here) in which he discussed the ABS data for the median length of time job seekers are spending looking for work. It’s not a data set that I’ve previously looked at much but …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series