Mixed messages from today’s jobs data

Today’s release by the ABS of labour force data for January paints a rather confusing picture depending on which set of numbers you wish to focus on. For a start jobs grew by more than expected (+13,500 against an expectation of +10,000) and, in addition, data for Jan was revised …read more

Pete on Radio 4CA this morning talking jobs and the regions

There’s been a lot of interest today on the back of the Courier Mail #GoQLD campaign and article on jobs in the regions. John MacKenzie spoke to Pete earlier today; you can listen to the interview below.

Pete on ABC Far North talking building approvals and the outlook for 2017

Pete spoke to Kier Shorey on ABC Far North this morning about the latest regional building approvals data from last week (see here) as well as his thoughts on the otulook for 2017 and beyond. You can listen to the interview below.

Courier Mail GO QLD campaign launches with Conus Trend data

The Courier Mail have launched this year’s GO QLD campaign with a piece on the regions which includes extensive use of the Conus Trend Regional Jobs data. You can read the story here. Gene Tunny at Adept Economics has posted today on the GO QLD campaign and is also quoted …read more

Regional Building Approvals slow down further

Today’s release of Regional Building Approvals continues the recent trend of declines. The original, unadjusted ABS data is best seen through the lens of the Conus Trend and here we see the SA4 Region of Cairns drop from a revised 74 in Nov (was 73) to 70 in December; this …read more

Building Approvals drop again

ABS data for December building approvals show further declines. Seasonally adjusted approvals fell 1.2% m/m for a fall of 11.4% over the year. In December house approvals were down 2.2% from Nov and dropped 9.8% from this time a year ago while unit approvals fell by just 0.1% for the …read more

Unemployment rate edges higher. QLD records first Trend jobs growth for 2016

Today’s release of labour force data for December 2016 show the headline (seasonally adjusted) unemployment rate for the nation edged higher to 5.8%; although the Trend series remained unchanged at 5.7%. The increase came despite another increase in the number employed by 13,500 reflected in an increase in the Participation …read more

Queensland Economy – how do we start 2017?

A new year, and a time to reflect on where we stand in Queensland. And as far as the pollies are concerned (while Parliament is yet to return) the emphasis appears, as ever, to be on spinning the data to make whatever point they wish. In today’s Australian we see …read more

Building Approvals better than expected but it’s all due to units

Once again highly volatile unit approvals have pushed building approvals data for November above market expectations. While the market had been looking for a 4.6% m/m increase in the seasonally adjusted data (after a 12.6% drop last month) unit approvals resulted in an actual total increase of 7.0% (down 4.8% …read more

Stellar results for Cairns as Trend unemployment rate moves below Rest of QLD

The ABS original data for regional labour force was released this morning (along with some adjustments caused by the labour force re-benchmarking released earlier this month) and, as always, we need to consider this highly volatile data set in light of the Conus Trend to make much sense of it. …read more

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