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Today’s Cairns Post carries an article which starts with “Building approvals are booming”. Unfortunately for the Post the article then goes on to quote from sources which clearly indicate that approvals are not in fact “booming”. Consider the following quotes.. Rick Carr in the July’s HTW Cairns Watch (from which the article …read more
Data released overnight shows the US jobs market continuing to perform steadily (if less spectacularly than had been expected). Non-farm payrolls grew by 209,000 in July. Payrolls for both May and June were also revised up by a total of 15,000. The monthly average over the past 6 months now …read more
The release of the Producer Price Indexes (PPI) for the June quarter show a fall in import prices for the quarter keeping a tight lid on any inflationary pressures building. Total Final stage PPI fell by 0.1% over the quarter for a 2.3% rise on the year (down from +2.5% …read more
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
Overnight the Fed have announced that their tapering of bond buying will continue, with another $10bn per month knocked off the plans. The Fed will now be buying just $25bn per month with the policy set to come to an end (as planned) in October. The announcement was no surprise …read more
The Cost of Living Indexes released this morning by the ABS are designed to answer the question “By how much would after tax money incomes need to change to allow households to purchase the same quantity of consumer goods and services that they purchased in the base period?” They consider …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
Following on from our post last week, which itself was in response to an excellent piece from Loose Change, we have now had some time to take a look at the general rates being charged across the region for the 2014-15 financial year. As was highlighted in the original post, …read more
Loose Change has an excellent post on the flaws inherent with using misleading data to compare rates across varying Councils. As Mark points out, the protocol of comparing rate levels at a given average land valuation level makes no sense whatsoever when land valuations vary so much from Council to …read more
Data released this morning by the ABS shows that the Consumer Price Index (CPI) measure of inflation ticked up to 3% for the year to June (from +2.9% in Q1). Data for the second quarter shows that prices rose 0.5% after a 0.6% increase in Q1. While the headline data …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series