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Pete was on radio 4CA this morning with John MacKenzie talking about his submission to the Productivity Commission’s Transitioning Regional Economies report (you can download the full submission from the PC website here). You can listen to the interview below.
Each quarter the ABS produce data showing the levels of employment in each industry for the various labour force regions. Unfortunately this data is only provided on an unadjusted, 4-quarters average basis and as a result is a very lagged indicator. So, in the same way that we have been …read more
Today saw the release of the ABS Labour Force data for April and it came in well above market expectations. Total employment (seasonally adjusted) rose 37,400 (expected +4-5,000) with the headline unemployment rate falling to 5.7% (from 5.9%). Unlike March, when the gains all came in the full-time sector, April …read more
Today saw the release of the March regional building approvals data from the ABS at both SA4 and LGA level. Following the (very) modest improvement in the Trend data at a state level last week (see here for details) we have seen a similar story emerge in the Far North. …read more
Today’s building approvals data for March have come in well below market expectations, although the Trends at both state and national level were positive for the month; the first time they’ve both been positive since early 2016.. March’s approvals across the nation fell by 13.4% for the month (expected down 3.9%) …read more
The QLD Treasury data for State Accounts for the final quarter of 2016 shows the economy picking up nicely. Whilst the ABS only produce Gross State Product data on an annual (financial year) basis, the Treasury produce their own quarterly estimates. These show GSP rose by 0.9% q/q after the …read more
A piece in today’s Australian (read it here) perpetuates the old news that youth unemployment in Cairns is running at crisis levels. In this case the article quotes Cairns youth unemployment rate at 27.5%. As regular readers will know, this figure would appear to be the “official” 12 month moving …read more
We’ve just returned from a couple of weeks in SE Asia so have some catching up to do. First thing on the agenda was the labour force data for March released last week. We saw the headline (seasonally adjusted) unemployment rate remain stable at 5.9% despite a very sharp addition …read more
The ABS Building Approvals data for February shows a sharp improvement at both a state and national level with unit approvals being the main leader of the improvement. Seasonally adjusted data for Australia shows approvals up 8.3% m/m for a decline of 4.9% y/y (after some upward revisions to previous …read more
The ABS have released their regional population estimates (up to mid year 2016) today and they show the North of the state lagging recent growth elsewhere. The data is provided at the Local Government Area (LGA) level as well at SA2 and above. Taking the LGA data first… LGA 2016 …read more
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