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Following on from our previous post (see here), we have now had time to take a look at the data to determine what has been going on with Cairns youth employment and population data. First we should acknowledge that the data-set which the ABS will be using when looking at …read more
Today’s ABS unadjusted regional labour force data for Jan is, as always, wildly volatile. As an example the headline unemployment rate in Mackay in Jan jumped to 10.3% (3rd highest in the state) despite being just 3.2% just 6 months ago. Clearly the Trend analysis is what we need to …read more
Mark Beath at Loose Change has an excellent post on the latest Master Builders Survey of Industry Conditions for the Dec 2014 quarter. As Mark highlights, the forecasts from the survey have a rather chequered history when compared to actual results. Nevertheless, in the Far North area the survey has …read more
A post over the Queensland Economy Watch has raised a question regarding “underutilisation” rates and I hope that Gene will forgive me for jumping in and posting some info here. This data is provide by the ABS on a quarterly basis with the most recent date relating to Nov 2014. …read more
Today saw the release of the ABS labour force data for Jan. What it showed was a drop of 12,200 jobs (seasonally adjusted) and an unemployment rate that jumped from 6.1% to 6.4%. However, even within these wildly volatile seasonally adjusted data are signs that we need to be careful before getting …read more
The ABS released monthly (current prices) retail trade data for Dec today which showed national sales up 0.2% (seasonally adjusted and Trend) which was below market expectations of +0.3%. They also released quarterly data on a “chain volume” (essentially inflation-adjusted) measure which showed sales rose 1.5% q/q (seasonally adjusted) and …read more
After last months very strong Building Approvals data (see our post here) the market had been expecting a fall of 4.8-5.0% for the Dec data. In actual fact the monthly seasonally adjusted decline was just 3.3% for a 8.8% increase over the year. In addition the previous month’s data was …read more
The release by the ABS of the unadjusted regional labour force data today has, once again, highlighted the extreme volatility of this series. The original data suggests that 3,400 fewer people were in work in Cairns in Dec than in Nov (despite a supposed increase of 500 jobs the previous …read more
While we were overseas for the Christmas break the Dept of Employment released their Sept Small Area Labour Market (SALM) data, which we have only now seen. The SALM estimates are created using data from Centrelink data of people in receipt of Newstart and Youth Allowance by postcode, the ABS …read more
Today’s release of labour force data for Dec has shocked the market with its strength. Commentators had been expecting the headline (seasonally adjusted) unemployment rate to remain unchanged at 6.3% with about 5,300 new jobs being created. In reality we saw a huge 37,400 new jobs (with 41,600 of these …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series