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The boom in residential building approvals that we saw from mid-last year until the first quarter this year has well and truly come to a halt. September saw approvals down 4.3% m/m, although they remain up 12.8% from a year ago. What strength there is comes from unit approvals (up …read more
The headline CPI figure for the third quarter came in broadly in line with market expectations. The quarter-on-quarter increase was unchanged at +0.8% (actually unchanged at +0.76%) but the year/year increase fell back to +3.0% (from +3.8% in the June quarter) as base effects unwound. However, what is far more …read more
September Labour Force data, released by the ABS this morning, allows us to update the Conus/CBC Staff Selection Trend series for the regions of Queensland. We see that while the seasonally adjusted unemployment rate across QLD is 4.9% (see details from last week) in Greater Brisbane it is 5.5% (Trend …read more
Data this morning from the National Skills Commission shows that, despite the tourism lock-out, the level of online job vacancies in the Far North has once again hit a new 9-year high in Sept. While Queensland numbers have declined somewhat since the record high seen in May (and moved higher …read more
Data released this morning by the Dept of Social Services shows JobSeeker numbers across the nation fell slightly in Sept although our own Conus/CBC Staff Selection Trend series suggests a slight increase which brings the y/y decline to 33.2% (from 33.3% last month). In Queensland, again the original data shows …read more
The Labour Force data for Sept from the ABS this morning show us the impact that lockdowns in NSW, Victoria and the ACT are having while also confirming that QLD (which has been largely exempted from the Delta pain felt elsewhere) has seen very solid improvements. Across the nation as …read more
Data today from the ABS confirms that the recent slowdown in building approvals growth we have seen across Queensland (year/year increase in August down to +32% from +96% as recently as March) is being driven primarily by a slowdown in the regions. The August regional data from the ABS, when …read more
Monthly Snapshot data for July from Tourism Research Australia released today shows that, despite the start of lockdowns taking effect in NSW and Victoria, domestic tourism in regional Queensland remained very strong (as it has been since the latter part of last year). Clearly Queenslanders are still travelling, and spending, …read more
The latest ABS release of the weekly payrolls data to 11th Sept confirms quite how well Queensland has been doing compared to the other major states as the impact of lockdowns continue to hit NSW and Victoria hard. Over the 8 week period from 17th July the Australia payrolls index …read more
The ABS-produced Consumer Price Index (CPI) measures inflation for a basket of good and services in the 8 Capital Cities and then uses that data to produce a weighted average for the nation. This is the headline inflation number with which we are all familiar; and in the second quarter of …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series