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While we were away the release by Queensland Treasury of the State Accounts for the fourth quarter of 2018 appeared, with apparently little fanfare or coverage (we can find no mention from any news source or from Queensland Treasury). While the ABS produce Gross State Product (GSP) data only on an annual …read more
The ABS release of April Building Aprovals data has disappointed the markets again coming in below expectations. Seasonally adjusted approvals were down 4.7% m/m for a year-on-year decline of 24.2%. The less volatile (and perfered) Trend measure showed a 0.6% m/m drop and a fall of 21.8% y/y. House approvals …read more
Some months ago we considered the impacts of changes in age and sex demographics within the labour force and the impact this was having on Participation Rates across Queensland. You can read the original post here which outlines the methodology used to split out the Propensity and Demographic Impacts within …read more
The ABS original regional labour force data for April allows us to update our own Conus/CBC Staff Selection Trend series. With the Trend unemployment rate in Queensland dropping slightly in April to 5.9% (from 6.0%) we might have expected some modest imprivements in our regional data. The Trend unemployment rate …read more
Following the RBA’s acknowledgement earlier this month that they would be careful watching employment data in coming months before making a determination about any future rate cut, today’s release of April’s data will have done little to clarify matters one way or the other. On the downside the headline (seasonally …read more
The short term Arrivals and Departures data for March show international visitor growth into Australia has slowed further as Chinese visitor numbers slide backwards. The ABS Trend series shows short term international arrivals grew at just 2.2% for the year to March, its slowest pace since Jan 2012. Visitors from …read more
The release from the ABS of original residential building approvals data for March allows us to update our own Queensland SA4, and Northern LGA regional Conus Trend series. While the ABS Trend data showed approvals down 35.1% y/y across Queensland the Conus Trend allows us to see that Greater Brisbane …read more
The Dept of Social Services Jobseekers data for March has been released which allows us to estimate our Conus 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 Staff …read more
The March data from the ABS released this morning confirm (to no-one’s surprise) that the slide in residential Building Approvals continues apace. Nationwide, the seasonally adjusted series showed a 15.5% m/m decline (after a 19.1% m/m increase in Feb); but it precisely this kind of wild volatility that makes us …read more
The release of the December quarter Public Sector work force data (which was released over the weekend) shows (again) that the Government’s fiscal principle of keeping full-time equivalent Public Sector employment growth to that of population growth has not been met. FTE growth in the year to Dec 2018 was +3.0%, well above …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series