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The ABS released their special bi-weekly jobs data today. It showed jobs falling by 6.9% in the month from 21st March in Australia; the decline was 6.1% in Queensland. The breakdown by industry showed; Accommodation & Food down 30.9%/27.9% (Aus/Qld) Arts & Recreation down 11.8%/11.2% Retail down 6.0%/6.1% Construction down …read more
I spent part of this morning listening to Prof John Kay, author of Radical Uncertainty: Decision making for an unknowable future, talking to my friend Gene Tunny on his Economics Explained podcast. It’s a fascinating chat about a highly topical subject (although the book was written prior to the COVID-19 …read more
As new data becomes available, and the start of retsrictions being eased appears to get earlier, we have updated and expanded the reach of our GDP/GSP/GRP and unemployment forecasts. We now see Australian unemployment peaking at around 11% in the second quarter before falling back below 10% by September. Things …read more
The ABS released their original, unadjusted regional labour force data this morning which allows us to update the Conus/CBC Staff Selection Regional Employment Trend series for the QLD SA4 regions. While last week we saw the Trend unemployment rate in Queensland decline to 5.7% (see here for details) today’s data …read more
Yesterday saw the ABS release the first of their weekly releases looking at payroll and wages data. This new data set, well in advance of the full April Labour Force survey, gives us a first opportunity (albeit with some caveats and reservations) to see the impact of the COVID-19 inspired …read more
Now that things on the COVID-19 front appear to have settled down a little, policy initiatives are clearer, and it is looking more and more unlikely that we are going to see significantly more restrictive lock-downs we feel able to take some educated guesses about what the economic fall-out might …read more
The release this morning by the ABS of their original regional approvals data for Feb allows us to update our own Conus Trend series. What we see is that, while Trend approvals across QLD fell 3.5% y/y, in Greater Brisbane the decline was just 2.1% with the Rest of Queensland …read more
The release by the ABS of their original regional labour force data for Feb allows us to update our Conus/CBC Staff Selection Regional Employment Trend data. What it shows is a very strong labour market in the Cairns region before the impact of the COVID-19 outbreak was felt. Whilst this …read more
The ABS release of regional population estimates to June 2019 shows that growth in the Cairns SA4 region has slowed sharply to just 0.75% for the year. This is just half the rate of the Queensland Government’s own forecast (released in early 2019) which saw growth averaging 1.5% in Cairns …read more
The release by the ABS of their original regional labour force data allows us to update the Conus/CBC Staff Selection Regional Employment Trend series for Queensland. While these January figures will have been collated prior to the full impact of the COVID-19 being felt they do at least provide some …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series