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Today’s release of ABS Building Approvals data for June showed a surprise decline of 5% (seasonally adjusted) for a 16% increase over the year. Both houses and unit approvals fell. The less volatile Trend series showed a monthly fall of 1.1% for a year on year gain of 7.9%. Despite …read more
Following on from our post the other day, Gene Tunny over at Queensland Economy Watch has used our Conus Trend data to compare jobs growth in SEQ (Brisbane plus the Gold and Sunshine Coasts) with the Rest of QLD. What he finds clearly shows the sharp disparity between what has been …read more
Our new Conus Trend employment data for all the QLD regions (available here) allows us to look in more detail at how jobs growth has been split between Greater Brisbane and the Rest of QLD. In the chart below we have taken the 12 month moving average of our own …read more
Despite a tick up in the headline, seasonally adjusted, unemployment rate in June to 6.0% (from an upwardly revised 5.9% in May), the data is certainly not all bad. Jobs increased by 15,900 in the month with a decline of 3,800 full-time jobs more than offset by 19,700 new part-time …read more
Tourism Research Australia’s National Visitor Survey for the quarter to March 2014 was released today (and is available for download here). It shows domestic travellers for the year to March up 4.0% across the country with a 2.2% increase in those travelling on holiday (as opposed to business or visiting …read more
Gene Tunny over at Queensland Economy Watch has posted an interesting graph of jobs vacancies in QLD. As Gene notes, the current weakness in vacancies could well signal a subdued outlook for the state’s labour market in coming months. Last month’s unemployment rate for QLD fell slightly (see our commentary …read more
We have today returned from a trip up to Cape York and have now had time to look at the employment data for May released during our absence.The data for QLD showed a decline in the headline unemployment rate to 6.2% (from 6.3%) with a very encouraging increase of 18,200 …read more
Today’s release from Tourism Research Australia of the International Visitors Survey for the quarter to March 2014 (available here) shows QLD lagging the nation as a whole.International arrivals were up 6.3% (to 6.012 million, and the first time over 6 million) for the year to March 2014 across the country …read more
1st quarter GDP has come in well above market expectations for a 1.1% q/q increase; equating to a 3.5% annual rate of growth (seasonally adjusted). On a Trend basis growth was +0.8% q/q, +3.2% ann which shows the economy rolling along at about the long-tern trend average pace. The main …read more
As noted earlier in the week (see here), the 2014-15 QLD Budget (full details here) has forecast the deficit increasing to $2.7bn (from the MYFER estimate of $0.66bn) as a result of a $0.95bn hit to NDRRA spending (caused by a mis-match between the timing of expenditures and commonwealth reimbursements) and …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series