While building approvals in July are up only very modestly (Australia Trend +2.4% y/y), the increase in Queensland is a far more impressive +10.1% y/y. That increase in QLD is being led by regional approvals, which are up 16.4% y/y, rather than in Greater Brisbane where the increase is just …read more
Today’s release by the DSS allows us to update our Conus/CBC Staff Selection Regional JobSeeker Trend series. What this shows is that, despite signs of a gradual weakening in the labour markets across the nation and State, we are not seeing that reflected in the North. Trend JobSeekers across Australia …read more
For the fifth consecutive month Trend employment in Cairns lifted again in August (+600), although we remain 2.1% down from a year ago. The growth was split between full-time and part-time employment, although full-time employment is still down for the year. Once again most of the full-time gains came from …read more
The July ABS Labour Force data released this morning allows us to update the Conus/CBC Staff Selection Regional Employment Trend data for all of Queensland’s regions. Despite the (seasonally adjusted) employment data at the State level showing a decline in employment of 6,200 for the month, Cairns managed to record …read more
The biannual QLD Public Service workforce statistics were released yesterday (presumably so that they were over-shadowed by the Budget update) and they show Public Service full-time-equivalent (FTE) employment up by 1.9% for the year to Sept. If we ignore the increases in Health and Education (as the Coaldrake Review suggests …read more
Despite large falls in employment nationally (and to a lesser degree in Queensland), the North of the State appears to have escaped relatively unscathed this month. The Conus/CBC Staff Selection Trend series shows trend employment in Cairns fell 400 (with all the losses coming from part-time positions) while Townsville added …read more
Given the declines we saw in residential building approvals at both the national and State level last week (see here for details) it should come as no surprise to see a similar pattern emerge in the North. However, what today’s release by the ABS of more granular original regional data …read more
September Labour Force data, released by the ABS this morning, allows us to update the Conus/CBC Staff Selection Trend series for the regions of Queensland. We see that while the seasonally adjusted unemployment rate across QLD is 4.9% (see details from last week) in Greater Brisbane it is 5.5% (Trend …read more
Data today from the ABS confirms that the recent slowdown in building approvals growth we have seen across Queensland (year/year increase in August down to +32% from +96% as recently as March) is being driven primarily by a slowdown in the regions. The August regional data from the ABS, when …read more
The ABS release of original regional labour force data today allows us to update the Conus/CBC Staff Selection Regional Employment series. This shows us that, despite the tourism slowdown caused by the NSW, Victoria and ACT lockdowns (and the resultant lock-out for the Cairns tourism sector), Trend employment in Cairns …read more