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Today saw the release of the Regional Building Approvals data from the ABS. This data is released as an unadjusted series so we need to consider the Conus Trend to make any kind of sense. When we look at the Local Government Area (LGA) data we see Cairns Regional Council …read more
Today’s release of ABS Regional Labour Market data is a very clear tale of two very different cities in the north of the State. Once we have adjusted the raw ABS data, and therefore created the Conus Trend series, we see that Trend Employment in Cairns rose by 400 in …read more
The Labour Market data for March released by the ABS this morning showed an unexpectedly strong employment number with a total of 26,100 extra new jobs (although all of them, and more, were part-time with full-time jobs actually declining 8,800). With the Participation Rate stable (64.9) the only cloud on …read more
Today saw the release of the regional building approvals data for Feb from the ABS. As always, this unadjusted original data can be highly volatile so we should consider instead the Conus Trends. Here we see the Trend for residential approvals in the Cassowary Coast Regional Council area static at …read more
The February Building Approvals data shows a 3.1% increase for the month (seasonally adjusted) for a 9.0% decline on the year. However the monthly increase is all down to (lumpy) unit approvals which were up 7.7%; house approvals fell by 1.0%. When we consider the less volatile Trend series we …read more
This morning saw the ABS release the labour market data for Feb. Against market expectations the seasonally adjusted unemployment rate fell sharply to 5.8% (from 6.0%) despite there only being an additional 300 jobs in the month; the reason being a dip in the Participation Rate from 65.1 to 64.9. …read more
Today’s release of the National Visitor Survey for the year to Dec 2015 from Tourism Research Australia confirms that domestic tourism continues to motor ahead. Total visitors rose by 6.9% while total nights were up 4.2% and total expenditure +6.4%. Queensland did much better than both Victoria and NSW with …read more
Stronger than expected final quarter growth (along with an upward revision to the third quarter data) has seen the Australian economy grow by 3% in 2015. The Australian economy is now growing at about its long term average pace, and much faster than the market expectation of 2.5%. The December …read more
The release today by Tourism Research Australia of the International Visitor Survey for the final quarter of 2015 shows the boom in the Australia tourism industry still well in place. Total international visitors to Australia rose by 7.9% for the year to 6.9 million (a new record high), expenditure was up by …read more
Today saw the release from the ABS of the regional labour market data for January. As always with this regional data the ABS only provide the original, unadjusted numbers. To get a clear picture we focus on the Conus Trend series. In Cairns the ABS reported a loss of 5,100 …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series