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Last Friday saw the release of the ABS Gross State Product (GSP) data for the 2014-15 financial year. Although the ABS only produce their data for the states on an annual basis, the Queensland Treasury produces their own measure (on both a seasonally adjusted and trend basis) on a quarterly …read more
The release this morning by the ABS of their regional (unadjusted) labour force data for Oct doesn’t appear to change the picture much for the Far North, despite the improvements we saw at national and state level last week (see here for our commentary). As always the raw ABS data …read more
Today’s release of the October labour force data has caught the markets unawares with some very strong employment growth. The strong numbers have removed almost any lingering thoughts of a rate cut from the RBA in the near term and, as a result, seen the A$ climb almost a cent …read more
The ABS released Sept Building Approvals data shows total approvals (seasonally adjusted) rose 2.2% m/m for a 21.4% increase on the year. However, previous month’s data was revised slightly weaker. The data is always liable to high levels of volatility because of the “lumpy” nature of unit approvals, and this …read more
This morning’s ABS Sept labour market data for the Queensland regions is, as always very volatile, although this month seems even more so than usual. The headline, unadjusted data shows Cairns unemployment rate jumping to 9.2% with 3,600 jobs lost in the month. To our south the original data shows …read more
The ABS labour force data for Sept released this morning shows a picture somewhat weaker than anticipated after last month’s pleasant surprise (see here for commentary regarding the strong Aug data). However, as we noted last month, the strong seasonally adjusted data for Aug disguised a rather weaker story hidden …read more
Following up on my previous post, when we consider the breakdown of population changes in QLD we can see where the real slow-down is happening. For the year to March 2015 Natural Increase accounted for 34,083 people, which was the smallest increase from this component since Sept 2007 (when the QLD …read more
The ABS estimates for population in the first quarter of 2015 show the total Australian population up 1.4% from a year ago at 23.714 million (this rate of growth is unchanged from the previous quarter). Population in Queensland grew at just 1.3% (down from 1.4% last quarter) to 4.767 million; …read more
After yesterday’s ABS regional jobs data (see here) showed some very modest improvement in the unemployment rate in the Cairns SA4 area (on the back of a fall in Participation rather than an improvement in jobs), today we get the Dept of Employment’s quarterly Small Area Labour Market (SALM) data …read more
The regional labour market data from the ABS released today shows the unadjusted, original unemployment rate in Cairns stood at 7.2% (down from 8.7%) in August. However, as always the raw unadjusted ABS data is far too volatile to take seriously on a month-by-month basis. Rather we should focus our …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series