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The latest Google Mobility data (to 9th May) suggests that Cairns, in particular, has performed very strongly after the slow-down caused by ANZAC Day, Easter and a very wet period of weather a couple of weeks ago. The 7-day average mobility indicator for Cairns now sits at just 0.2% (and …read more
March data today from the ABS allows us to update our Conus Trend series for regional building approvals in Queensland and, once again, it shows approvals in the regions booming. While approvals across the nation were up 47.4% y/y (s.a.) in Queensland the rate of growth was an even more …read more
Monthly snapshot data from Tourism Research Australia (see here) shows that domestic tourism expenditures fell 13.1% in the year to Feb across Australia. However, with the notable exception of regional QLD which saw a 6.2% reduction after some very strong data in previous months, regional areas in all States saw …read more
A few days ago we posted on the December 2020 quarter’s Internal Migration data from the ABS (see here for details) and noted the high number of people moving into QLD’s regions, particularly out of Greater Melbourne and Sydney. This ABS data has only been made available since the June …read more
Data for March shows building approvals across Australia were up 17.4% m/m, for a 47.4% y/y increase. House approvals are up 62.2% for the year while units rose 28.1%. In Queensland total approvals were up 12.1% m/m but are surging 82.2% above where they were a year ago on the …read more
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 are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series