Today’s release of the March 2020 quarter Labour Account data series provides a wealth of information. One thing it allows us to do is take a look at incomes across various industry sectors and how they have changed in the past 12 months. The data provides us, for each industry …read more
There has been a lot written about the fact that the Participation Rates across Australia fell sharply as the effects of the COVID-19 lock-down took effect. These falls at national, state and regional level had the effect of suppressing the anticipated rises in the unemployment rates. Participation rates, prior to …read more
Yesterday’s national GDP data (see here for commentary) showed that Australia is in recession; first quarter GDP fell 0.3% qq and, as is abundantly clear, the second quarter data will show a further significant decline (our projection is for a 8.7% qq fall). This national data, combined with the recent …read more
The release of the Q1 GDP data by the ABS this morning confirms what anyone already knows…Australia is in recession. Although we will not get the official numbers for the second quarter for another three months, it is clear that a three month shut-down from March will inevitably mean a …read more
While the ABS produce Gross State Product data only on an annual basis we must rely on the quarterly estimates from QLD Treasury for the intermediate periods. We’ll get the ABS estimates of State Final Demand for the first quarter 2020 tomorrow with the release of national GDP data, but …read more
{This post is an edited version of a previously published one that contained some data errors…our apologies for any confusion} As we noted when the ABS released their April Labour Force data at National and State level (see here) they chose to temporarily cease the production of their Trend series. …read more
I spoke about regional employment in Central and North Queensland on a webinar organised by Solar Citizens yesterday. I was joined by Solar Citizens National Director, Ellen Roberts and David Leitch from energy specialist consultancy ITK who spoke about the opportunities in the solar and wind space for Central and …read more
The release of the April Labour Force survey today was always expected to throw up some surprises. This is the first monthly data set that reveals the true extent of the COVID-19 impacts on the labour market. Market expectations around the level of employment losses had been remarkably similar (given …read more
The March Arrivals and Departures data from the ABS this morning, while looking horrible, is likely to be eclipsed by even more disturbing numbers in the future. March saw a decline of 59.9% in short term international arrivals from the same month a year ago Over the course of the …read more
Last week the ABS released the March building approvals data which showed approvals across the nation grew (in Trend terms) by 1.0% for the year while in Queensland they continued to decline, down 7.8% (see details here). Today we got the original ABS regional data which allows us to update …read more