I love the charting that my friends at CCIQ have done previously looking at the relative scale (in Gross Value Added and employment terms) of the various industry sectors in Queensland. The Conus Trend Industry Jobs data has been one of the inputs used so, with some help from the …read more
Our catch-up of regional data continues with the November regional labour force numbers and the quarterly industry jobs numbers. Both of these data sets we prefer to analyse through the lens of the respective Conus Trend series. For the regional monthly jobs data we prepare the Conus Trend using the …read more
On Friday the Dept of Employment released the latest Small Area Labour Market (SALM) data at the Local Government Area level for the quarter to Sept. Using the unsmoothed (original) SALM data, which is tucked away in the explanatory notes section, we have created a Conus SALM Trend series of unemployment …read more
November saw another strong month for labour force data. Employment (seasonally adjusted) jumped by 61,600 (expectations had been for around 19,000) with 41,900 of those being full-time. Over the course of the past 12 months employment has increased by 383,300 of which 79.5% have come in the full-time jobs. The …read more
The Sept 2017 International Visitor Survey from Tourism Research Australia (available for download here) makes for unhappy reading for the Queensland and the TNQ region in particular. While total international visitors to Australia rose by 7.3% for the year to Sept 2017, the increase was just 3.0% for Queensland and …read more
The GDP data for the 3rd quarter of 2017 has come in slightly below market expectations at +0.6% q/q (after Q2 was revised slightly higher to +0.9% from +0.8%) for a 2.8% y/y and 2.2% annual growth. The weaker data was due to a poor showing from household consumption (the …read more
The ABS data for building approvals in October were good news at a national level with (seasonally adjusted) approvals up 0.9% m/m for a 18.4% increase year-on-year. The less volatile (and preferred, given how volatile unit approvals can make this data set!) measure showed a 0.7% m/m increase and a …read more
This morning’s release of the regional labour market data, as always, needs to be seen through the lens of the Conus Trend; and what it shows is something of a turn-around in the dramatic recovery that we’ve been witnessing in the North. This is perhaps not very surprising, although the …read more
As we run towards the last few days of the Queensland state election we’re hearing lots about employment from both the Government (who are talking up solid jobs growth) and the Opposition (who are highlighting weak full-time jobs). There is also a certain amount of talk from the commentariat about …read more
The Labour Force data for October released this morning by the ABS showed employment up 3,700 (s.a) or 20,000 (Trend) for the nation with the headline, seasonally adjusted unemployment rate dipping to 5.4% (the Trend remained stable at 5.5%). Participation fell slightly to 65.1 (from 65.2) and this will have …read more