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The release this morning by the ABS of their original regional approvals data for Feb allows us to update our own Conus Trend series. What we see is that, while Trend approvals across QLD fell 3.5% y/y, in Greater Brisbane the decline was just 2.1% with the Rest of Queensland …read more
Residential Building Approvals in February were up 19.9% m/m for a 5.8% decline over the year (seasonally adjusted). The less volatile Trend series showed a monthly increases of 1.0% for a decline of 2.5% over the year. While these are rather encouraging numbers (albeit from the pre-COVID-19 era) it should …read more
Despite some of commentary that still runs along the lines of “Queensland’s jobs growth is all down to the State Govt hiring“, the latest data from the ABS for the quarter to Feb shows that reality is actually quite the reverse, at least over the course of the past 18 …read more
The release by the ABS of their original regional labour force data for Feb allows us to update our Conus/CBC Staff Selection Regional Employment Trend data. What it shows is a very strong labour market in the Cairns region before the impact of the COVID-19 outbreak was felt. Whilst this …read more
The ABS release of regional population estimates to June 2019 shows that growth in the Cairns SA4 region has slowed sharply to just 0.75% for the year. This is just half the rate of the Queensland Government’s own forecast (released in early 2019) which saw growth averaging 1.5% in Cairns …read more
Today’s ABS data on the February labour force provides some much-needed good news for the economy and suggests that, at least until the impacts of the COVID-19 outbreak hit home, the labour market was doing quite well. Trend employment lifted 21,100 (seasonally adjusted was up 26,700) after some minor downward …read more
The ABS release of the short-term arrivals data for January gives us what we all knew was coming; our first look at tourism data in the COVID-19 era. Of course this data relates to the period prior to the Chinese travel ban coming into force (which started on Feb 1st). …read more
Today’s release of the Dec 2019 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 type, …read more
The ABS supplemented last weeks national and state residential building approvals data with their original (unadjusted) regional data this morning. When seen through the lens of the Conus Trend the data confirms the ongoing improvement in building approvals underway in the North. With Australia Trend approvals down 6.7% for the …read more
The fourth quarter GDP data released this morning was stronger than expectations, which along with upward revisions to past quarters saw the year-on-year number significantly better than had been hoped for. Seasonally adjusted GDP rose 0.5% q/q for a year-on-year increase of 2.2% (up from 1.8% in the previous quarter). …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series