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With most attention focused on the SSM results, the Wage Prices Index results for the Sept quarter were also announced this morning. Across the nation wages grew by 0.5% q/q for a y/y increase of 2.0% (up from 1.9% for the past few quarters but somewhat below the levels the …read more
Yesterday saw the release of the second tranche of Census 2016 data part of which included information relating to employment. However, we would suggest that we need to be careful when reading too much into the Census data as it relates to employment. Employment is one of the few indicators …read more
The ABS data for the labour market in September shows another strong result with employment up 19,800 (expectations had centred around +15K) and the unemployment rate (seasonally adjusted) falling to 5.5%. Employment growth in August was revised sharply stronger to an increase of 53,000 (originally) 27,100. So, although stronger than …read more
The ABS released their (original, unadjusted) residential building approvals at the SA4 and LGA level this morning; and they reveal good news for the Far North. As always, this highly volatile data set needs to be seen through the lens of the Conus Trend to make any real sense of …read more
The ABS data for residential building approvals for August shows that across the country approvals were up 0.4% m/m (seasonally adjusted) but remain down 15.4% y/y. The far less volatile Trend series shows approvals up 1.1% m/m and down 6.5% y/y (which is the slowest rate of decline this year). …read more
We all know that the Retail sector is facing a huge disruption in the form of online shopping. It’s been so for a while now and, with the emergence of Amazon in Australia soon, is only likely to become more pronounced. Digging into the quarterly industry jobs (and in particular …read more
The June quarter National Visitor Survey from Tourism Research Australia was released this morning (see here for full details), and it confirms the deteriorating story for the region we’ve been discussing for some time (see commentary from last quarter). Across the nation domestic overnight visits rose 5.2% y/y and were …read more
The ABS data for Labour Force in August has shown a very strong growth in employment (up 54,200, seasonally adjusted) smashing market expectations of a 17,500 rise. Back months were also revised higher. Employment is now up 325,600 in the past 12 months. Full-time employment reversed a decline in July …read more
The GDP data for the second quarter has shown a solid rebound from the weak data last quarter and is broadly in line with market expectations. On a seasonally adjusted basis GDP rose 0.8% for the quarter, or 1.8% from the same time a year ago. This brings the cumulative …read more
Today sees the release of the June quarter International Visitor Survey from Tourism Research Australia (full report available here); and although visitor numbers are up strongly it’s not a happy story for Queensland. Visitor numbers to Australia show a 8.7% y/y increase to almost 7.9 million (another new record high). …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series