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Yesterday’s CPI print for the first quarter was slightly above market expectations at +0.6% q/q for a 1.6% increase over the year (up from 1.3% in the previous quarter). However, the more closely watched, at least by the RBA, measure of ‘core’ inflation was up just 0.4% q/q with the …read more
Last month we suggested that we may had seen the worst of the building approvals declines in Queensland (see here for that commentary) and the June data makes that analysis even more valid. While approvalls fell 1.2% (seasonally adjusted) and 1.3% (Trend) for the month across the nation, for a …read more
The release of the June Conus/CBC Staff Selection Regional Employment Trend data shows employment growth in Greater Brisbane is running at 1.9% for the year while the Rest of QLD lags behind at just 1.3%. Over the year Greater Brisbane has added 23,900 to Trend employment while the Regions have …read more
The release of the March quarter Public Sector work force data shows that the Government’s fiscal principle of keeping full-time equivalent Public Sector employment growth to that of population growth has not been met. However, we need also to note that the Coaldrake Review recommneded, and the Govt accepted, that this target …read more
The June Labour Force data from the ABS today provides little joy. Trend employment lifted by 26,300 while the seasonally adjusted series showed just a 500 tick-up. The Trend unemployment rate was unchanged at 5.2% (but on ly because May was revised up from 5.1%). The glimmer of good news …read more
The results from the March 2019 National Visitor Survey have finally been released by Tourism Research Australia (available here). They come with a warning; the methodology has been changed significantly. As the TRA website explains, NVS sampling mehtodology has transitioned “to 100% mobile phone interviews (from 50% mobile phone/50% landline) …read more
A sudden and dramatic spike upwards in the number of Chinese arrivals to Australia in May is a surprising, but pleasing result, from the ABS Short Term Arrivals and Departures data today. The seasonally adjusted data showed Chinese arrivals up 7.0% y/y, although the rather less volatile Trend data pared …read more
The release by the ABS of the May regional building approvals data allows us to update our own Conus Trend series. Last week we noted that there was some suggestion of a bottoming-out of the weaker Trend in Queensland (see here for details) although the Trend is still showing a …read more
The May Building Approvals data from the ABS this morning suggests that we might have seen the bottom of the downturn in Queensland…although 2 months hardly a summer makes! Across Australia approvals were up 0.7% m/m (s.a.), or a 10.0% decline for the year. However, given the highly volatile nature …read more
The Dept of Social Services Jobseekers data for April and May has been released which allows us to estimate our Conus/CBC Staff Selection Trend series from the original, unadjusted data. What it shows us is further falls in the number of people claiming either Newstart or Youth Allowance in the North. Our Conus/CBC …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series