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As I noted in my post last week (see here) it is vital, if the Far North is to survive over coming months and flourish ‘on the other side of COVID’, that we ensure a high level of vaccination to ensure visitors, and locals, can feel as safe as possible …read more
This month again sees employment improving in Cairns. Participation improved slightly (+0.3 ppts) and the Conus/CBC Staff Selection Trend unemployment rate is now at 5.0%, which is a little above the Queensland average of 5.2%. Annual Trend employment growth has turned positive (+3.2%) although this is still relatively weak when …read more
I’ve been approached by The Cairns Post for some thoughts on where Cairns might be heading in our COVID future and how best we can get there, and what the ‘clear path’ might be. I’m certainly no health expert, but their question forced me to put pen to paper and …read more
Data released today by the Dept of Social Services show that JobSeekers (those receiving JobSeeker and Youth Allowance (other) payments) fell in July in Queensland by 6.1% m/m; this was the best performance of all States and Territories. Across Australia JobSeekers were down just 2.1% due to an increases in …read more
Against the expectations of many employment lifted slightly in July, up by 2,200 (there was at least one notable exception to the those expecting a fall; Justin Smirk at Westpac was calling for a lift in employment and his note is well worth reading for insight into why today’s numbers …read more
The recent and ongoing lockdowns in NSW, ACT and Melbourne are obviously having a significant effect on the tourism sector in the Far North. The data from Cairns Airport for July passenger numbers clearly shows the beginnings of that effect being felt with passenger numbers down 12.5% from June. Given …read more
Cairns Airport have reported a 12.5% m/m drop in total passenger numbers in July as the impact of the Sydney and Melbourne lock-downs hit home. Over the course of the past 12 months total passenger numbers through the airport are down 29.3% from the same period a year ago. Nevertheless, …read more
Today’s’ ABS original regional building approvals data for June allows us to update our Conus Trend series for Queensland regions. As we saw last week QLD’s rate of growth of approvals fell to 38.5% y/y (seasonally adjusted) in June; it had been as high as 86.6% in March. What today’s …read more
The ABS-produced Consumer Price Index (CPI) measures inflation for a basket of good and services in the 8 Capital Cities and then uses that data to produce a weighted average for the nation. This is the headline inflation number with which we are all familiar; and in the second quarter …read more
As a demonstration of the strength of the domestic tourism boom underway in regional Australia, there is perhaps none better than today’s data from Tourism Research Australia (see here) for May which shows that, over the past 12 months, domestic tourism expenditure in Regional QLD is now 6.6% higher than …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series