The ABS-produced Consumer Price Index (CPI) measures inflation for a basket of good and services in the 8 Capital Cities and then uses that data to produce a weighted average for the nation. This is the headline inflation number with which we are all familiar; and in the second quarter of …read more
Today’s quarterly data from the ABS allows us to revisit the split between Public and Private sector employment in Queensland; and the results might surprise you. Public sector employment (which includes Federal, State and Local Government employees) is down 6.7% year-on-year (Conus seasonally adjusted series) while Private sector is up …read more
The Dept of Social Services data for JobSeeker numbers in August, when seen through the lens of the Conus seasonally adjusted series, showed a small 0.9% m/m increase across Australia, although this still represents a 33.6% decline from a year earlier. Queensland was up 3.2% m/m and is now down …read more
We have previously discussed the idea of effective unemployment rates which take into account the distorting effects of workers on zero hours and moves in participation rates on headline unemployment rates (see here for one of our earlier explainers). When we crunch today’s labour force numbers for August we see …read more
The August Labour Force data released by the ASBS this morning showed a thumping 146,300 decline in employment (market expectations had been closer to a drop of 100,000) but a seemingly paradoxical drop in the headline unemployment rate to 4.5%. But don’t be mislead; these are bad numbers and the …read more
Tourism Research Australia have released their monthly Snapshot domestic tourism data for June; and it confirms that the domestic regional tourism boom which started last year continued into the middle of this year. Clearly, the lock-downs in NSW, Victoria and ACT are likely to have changed that picture significantly from …read more
The ABS have just released the June 2021 quarter Labour Account data series which provides a wealth of information. One thing it allows us to do is take a look at incomes across various industry sectors and how they have changed in the past 12 months. The data provides us, for …read more
We have updated our occasional look at the factors driving Participation Rate changes in the regions of Queensland for the latest data to July. Full details of the methodology used for this analysis can be found on a previous post. This latest analysis considers changes in PR since Jan 2019. …read more
The second quarter GDP data released this morning was better than many had been expecting with a 0.7% q/q lift which (after some small upward revisions to previous quarters) takes us to a heady 9.6% up from the same period a year ago. Over the past 4 quarters GDP is …read more
The National Skills Commission has released their employment projections out to November 2025 (based on ABS industry employment data to Nov 2020). These provide us with a look at what the Commission are expecting in terms of employment growth and which industry sectors are likely to see what growth. The …read more