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Tourism Research Australia’s National Visitor Survey for the December quarter (available here) does not make happy reading for the industry in the Far North. While total overnight domestic visitors in Australia rose by 4.2% from the previous year, and were up by 3.4% in Queensland, the TNQ region saw a …read more
The ABS released their regional labour force data for February this morning. As always, the original, unadjusted ABS data needs some analysis if we are to see a clear picture. Our preferred analysis tool is the Conus Trend series. In light of the generally weak QLD data for Feb released …read more
Over the past few years there has been much discussion about the impact that demographic changes (particularly an aging population) are having on the labour market. In particular, focus has been on the effects of varying participation rates within different age groups and the impact these are having on the …read more
The ABS data for February shows the headline (seasonally adjusted) unemployment rate jumped to 5.9% (from 5.7%) as the economy lost 6,400 jobs (market had been expecting +16,300). However, it’s not all bad news as the losses all came from part time jobs with full time positions actually increasing by …read more
Pete was talking to Kier Shorey on ABC Far North earlier this morning about the international visitor data released yesterday (see here for details). You can listen to the interview below.
Friday saw the (rather delayed) release of the September quarter Queensland State Accounts from Treasury, and they appear to have slipped under the radar somewhat. While the ABS produce Gross State Product (GSP) data only on an annual basis for the June quarter, the QLD Treasury produce quarterly estimates. We …read more
The decline in Trend residential building approvals in QLD reported last week (see here) means that a similar fall in the North was to be expected. However the declines in both Cairns and Townsville are still larger than we might have hoped for. The original, unadjusted data from the ABS …read more
Building Approvals for January have defied expectations of a decline and bounced 1.8% for the month (seasonally adjusted), although this is still a 12.0% decline for the year. On the more stable Trend basis approvals fell 2.1% for the month and were down 15.5% over the year. As has been …read more
As expected, the Australian economy once again avoided a technical recession (two consecutive quarters of negative GDP) with a better-than-expected increase GDP of 1.1% for the 4th quarter of 2016. This took year on year growth to 2.4% (up from an upwardly revised +1.9% in Q3) for an annual growth …read more
Today saw the release of the ABS Regional Labour Force data. As always, we focus on our own Conus Trend series to see through the highly volatile original, unadjusted ABS data; and what we see is more good news for the North. In Cairns Trend employment has lifted by another …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series