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The release today by the ABS of their original, unadjusted regional labour force data allows us to update our own Conus Trend series. What we see is (again) confirmation of the improving story in Cairns but, unfortunately, a reversal of the brighter picture for Townsville that we noted (and questioned!) …read more
A few weeks ago we discussed the Queensland Treasury quarterly estimates of Gross State Product (GSP) and noted that they reflected a strong 3.3% growth for the 2015/16 year (see here). Yesterday saw the ABS release their own (annual) estimates for 2015/16 and these showed Queensland with just a 2.0% …read more
Kier Shorey from ABC Far North spoke to Pete this morning about yesterday’s labour force data for Queensland (you can read yesterday’s commentary below). Later in the morning Kier also spoke to QLD Treasurer Curtis Pitt and I was struck by Pitt’s contention that the Participation Rate “goes up and …read more
Today’s ABS Labour Force data for October is, on the face of it, reasonable. However, when we dig deeper we see a significantly weaker picture. The headline (seasonally adjusted) unemployment rate in Australia remained stable at 5.6% (mkt expected 5.7%) and we saw an additional 9,800 jobs added. However, we …read more
Data released by the ABS today for the Sept 2016 quarter shows wages growth across the economy in Australia was +2.0% for the year. Private sector growth stood at +1.9% while the Public sector did better at 2.3%. (all figures relate to ABS original series to allow for comparison to …read more
Data released last week by the Queensland Treasury shows the state’s economy grew 1.2% in the second quarter of 2016; the fastest pace of growth since Q1 2012. While Queensland Treasury release their Gross State Product data on a quarterly basis the ABS only do so annually (and we must …read more
ABS data this morning for residential Building Approvals in the Far North paint another disappointing picture after a weak month previously (see here). The original data for September shows that an apparent slight recovery in Townsville in August was merely a blip, and the ongoing weaker numbers elsewhere continue. As …read more
The ABS Building Approvals data for September shows the total across the nation being dragged lower than expected by a sharp drop in unit approvals. Houses actually gained slightly over the month, but remain weaker than a year ago. On a seasonally adjusted basis total approvals fell 8.7% m/m which …read more
Following on from the Sept Conus Trend Regional QLD labour force data there has been some discussion among readers (and on Twitter) regarding the impact of the Gold and Sunshine Coast changes in employment on the noted divergence between Greater Brisbane and Rest of Queensland full time positions (see the …read more
The ABS release of original regional labour force data for September, as always, needs to be considered in light of the Conus Trend to make much sense of what can be very volatile data. In Cairns we see the Conus Trend unemployment rate fall to 8.4% (after an unrevised 8.7% …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series