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Data on internal migration for the Dec 2020 quarter shows the trend of strong movement from cities into the regions in 2020 continued across the whole year. Across the nation in the fourth quarter about 10,600 people left the capital cities to move to the regions (this comes on top …read more
While the ABS produce Gross State Product data only on an annual FY basis (which had QLD GSP at -1.1% for 2019/20) we must rely on the quarterly estimates from QLD Treasury for the intermediate periods. This week finally saw QLD Treasury release their estimate for the Sept Quarter 2020. …read more
The ABS original regional data for March released this morning allows us to update the Conus/CBC Staff Selection series. This shows employment growth at a slightly higher level in Greater Brisbane (+4.7% Trend and +2.8% s.a.) than in the Rest of QLD (+4.0% Trend and +2.1% s.a.) with 108,600 new …read more
Much has been written about movements in the Participation Rate (PR) and the impact this has on unemployment rates; if participation increases then any decline in the unemployment rate is harder to achieve with more people entering the labour force (and vice versa). The discussion is certainly a valid one, …read more
Dept of Social Services dats for March shows original number of JobSeeker recipients across Australia fell in March to 1.3 million (down 4.5% m/m and up 46.3% y/y). This is a 20.7% decline from the highs seen in May last year. In Queensland numbers also fell, here by 3.4% m/m …read more
We really should be used to it by now! The March Labour Force Survey data has once again beaten market expectations by a long way; employment was up 70,700 in March (the market had been expecting half of that) with the unemployment rate falling to 5.6% (expectations had been for …read more
Data overnight from Cairns Airport shows total passenger numbers in March rebounded sharply after the weakness of the February data (as expected). The start of the Government’s discounted half-price tickets, and the Easter holidays, should see a sharp improvement again in the April data. While the 3-month average fell slightly …read more
Tourism Research Australia today released their snapshot domestic tourism data for January, and it showed regional Queensland (indeed regional areas of all States) continuing to demonstrate what can only be described as a resurgent boom. For the year to January domestic tourism expenditure across Australia fell 16.4%; NSW was -13.0%, …read more
The Google Mobility data allows us to see how various regions have been performing based on how much people have been moving around (with their mobile phones). The latest data up to 2nd April shows that Cairns has been doing particularly well and the 2-and-a-half day Brisbane lock-down appears to …read more
Data from the ABS for residential building approvals in February confirms that the surge continues apace. Across the nation approvals are now up 20.1% y/y after a month-on-month bounce of 21.6%. House approvals are driving the national surge (up 57.9% y/y) while unit approvals remain 26.3% below their level of …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series