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The September labour force data saw the headline, seasonally adjusted unemployment rate in Australia fall to 5.6% (after August was revised up from 5.6% to 5.7%) despite a loss of 9,800 (and a loss of 53,000 full-time) positions. The reason for the decline can be laid squarely at the decline …read more
We have just returned from holiday so are now catching up on some data released during our absence. Last Tuesday saw the release of the ABS original regional building approvals data at both SA4 and Local Government Area level. Our own Conus Trend series help shed light on these highly …read more
As was the case last month (see here) today’s release by the ABS of Building Approvals data for August shows the ongoing strength of unit approvals driving the total higher. In Australia total approvals (seasonally adjusted) rose by 10.1% over the year, although they fell 1.8% this month. However, from …read more
On ABC North Queensland yesterday Pat Hession asked Pete what we should be looking for when things in Townsville start to turn-around (you can listen to the full interview here). It’s an interesting question and perhaps best answered by taking a close look at a region just to the south of Townsville …read more
Last Thursday saw the ABS release their August monthly regional labour force data, and our own Conus Trend series (see here for details). They also released their quarterly data on regional employment by industry sector for the August quarter. This is presented on a quarterly basis as a rolling 4-quarter …read more
Today saw the release of the ABS regional labour force data for August. Our own Conus Trend series attempts to make some sense of the original, unadjusted data. In Cairns SA4 the original data showed a decline in the unemployment rate to 8.1% with 100 total jobs lost. We now have …read more
Today’s jobs data for August from the ABS has come in well below market expectations, but a decline in the Participation Rate has seen the headline unemployment rate fall anyway. The markets had been expecting employment to grow by about 15,000; instead it’s fallen by 3,900. However, before we get …read more
The impact that the domestic tourism boom is having in Tropical North Queensland can be clearly seen below. The expenditure figures include both overnight and day trips. Domestic tourism has added more than $500 million extra this year over last; that’s an increase of more than 24% y/y. International tourism …read more
Tourism Research Australia’s National Visitor Survey results for the year to June 2016 (available here) confirm the wonderful run of data we’ve been seeing in the Far North. Combined with the solid International Visitor Survey data released a fortnight ago (see here) today’s data confirms a fabulous financial year for the tourism …read more
Today saw the release of the GDP data for the second quarter. Markets had been expecting a figure around +0.4-+0.6% and the result came in at +0.5% q/q for an annual increase over the financial year 2015-16 of +2.9% and +3.3% y/y. Being broadly in line with expectations the Forex …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series