The latest Google Mobility data (to 13th June) confirms that the surge seen in Cairns over the Easter holiday period has been sustained. The 7-day average for Cairns now sits at +5.3%, which is 16.3 ppts better than the national figure, 8.5 ppts better than QLD, 12.9 ppts above Brisbane, …read more
While yesterday’s focus was on the delivery of the 2021-22 Budget the Queensland Government also quietly slipped out the (delayed) bi-annual release of the Public Service Workforce statistics for March 2021. This showed total headcount within the Public Service rose 1.3% y/y in the face of a 1.6% y/y increase …read more
Monthly snapshot data for March from Tourism Research Australia released this morning shows domestic tourism continuing to power ahead with expenditures up 58.3% from a year ago (to $6.04 bn). Queensland is leading the charge with expenditures up 88.5% (to $1.36 bn) while NSW (+67.6%) and Victoria (+34.7%) grew more …read more
The ABS have just released the March 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
The first quarter GDP data released this morning was better than many had been expecting with a 1.8% q/q lift which (after some small upward revisions to previous quarters) takes us to 1.1% up from the same period a year ago. Over the past 4 quarters GDP remains down 2.4%. …read more
With the JobKeeper support ending there had been concern that we would see a drop in employment levels in Cairns as businesses still suffering from the loss of international visitors had to let staff go. Although this is early days, and we have only one month of post-JobKeeper data to …read more
The ABS monthly Labour Force Survey data for April showed employment in Queensland was up 7.8% from a year ago; far better than the Australian performance of +5.1%. Indeed employment growth in Queensland has been outpacing the national average every month since July last year. Yet the weekly Payrolls data …read more
The Google Mobility Index (which tracks Android phone users location data when opted-in) shows what much of the anecdotal evidence suggests; Cairns has been busy, especially since the start of the Easter holidays. While the national 7-day average sits 6.7% below its benchmark level from Jan 2020 and Queensland is …read more
Data for April shows those receiving JobSeeker and Youth Allowance (other) payments fell by 9.2% from March (or about 120,000 people) despite JobKeeper ending. However, there is a caveat; the eligibility for two groups of people (those with partners earning more than $2,079.50 a fortnight, and those permanent residents who …read more
Employment in April fell by 30,600, although full-time positions were up 33,800. Despite the drop in total employment a sharp dip in Participation (to 66.0) saw the headline unemployment rate drop to 5.5% (after March was revised up to 5.7%). Year-on-year comparisons will look bizarre for the next few months …read more