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Feelings are running hot in Cairns regarding the proposed Aquis Resort. The anti-Aquis community group Aquis Aware Coalition of Concerned Citizens has publicly released their submission on the Environmental Impact Statement; and they’re obviously not fans. However, while criticising (with some justification) the EIS for its accuracy and content, the group’s …read more
Yesterday saw plenty of commentary about the poor jobs numbers (see our own piece here). In particular we, and others, highlighted the weakness in the QLD data (see here). Predictably today has seen something of a rush to defend the record from the State Government. This article sums up the …read more
This morning’s labour force data was a shocker for QLD, particularly when we consider the situation for full-time jobs. The chart below makes it clear that, as far as full-time jobs are concerned, the Blues not only won Origin but are thrashing the Maroons here too. QLD is the only …read more
The short-term arrivals and departures data from the ABS this morning showed arrivals down sharply in June from May. At 565,000 they were just 0.4% higher than in June 2013. However, over the past 12 months total arrivals are up 7.7% on the same period a year ago and stand …read more
Today’s labour force data from the ABS for July is a shocker. Jobs, which had been expected to rise by about 12,000, actually fell 300 (and June’s increase was revised lower to +14.9). The headline seasonally adjusted unemployment rate jumped to 6.4% (from 6.0% in June); the increase slightly mitigated …read more
As had been universally expected, the RBA have left the Cash Rate on hold at 2.5% at today’s meeting. The full statement (see here) is little changed from last month. There is still reference to a “strong expansion in housing construction”, the fact that “the Bank still expects growth to …read more
Todays’ release of the June Retail Trade data shows turnover at current prices up 0.6% (seasonally adjusted) for the month. While this is stronger than expected it is hard to get away from the reality that retail sales are extremely sluggish when we consider that, when adjusted for inflation, turnover in …read more
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
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series