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The ABS today released their population estimates for June 30th 2018 for regional areas. Within our region the Local Government Areas have all fared worse that the state average. Of particular interest is the fact that Townsville’s growth came in at just 0.6% for the year (down from +0.9% in …read more
Yesterday’s release of the Feb Labour Force data from the ABS seemed to suggest that, just as the growth in Australian jobs appears to have stabilised, there might finally be some better news for Queensland. The national data showed an additional 4,600 (seasonally adjusted) were added to the number employed …read more
The Short Term Arrivals and Departures data for January from the ABS show tourism into Australia still growing strongly. Short Term Arrivals lifted 3.2% y/y (Trend) and even excluding Chinese arrivals, which were up 6.4% y/y, was up 2.6% y/y. Accounting for the last 12 months Trend data showed a …read more
A few weeks ago we wrote a post on some work we had done breaking down changes in Participation Rates in QLD regions to discover the impact that changes to the age profile of the working population had (you can read that here). That post attracted some interest and one …read more
Today’s release of the December 2018 Labour Account data series provides a wealth of data. 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 table below shows, for selected industries, the …read more
The release by the ABS of the January, original regional residential building approvals allows us to update our own Conus Trend series. With residential approvals falling sharply at both the national and state level (see here for commentary) it is no surprise to see the decline across the regions. On …read more
Last week we saw a weak set of National Accounts for the final quarter of 2018 which showed growth of just 0.2% q/q, 2.3% y/y and 2.8% 12 month average (commentary here). As this data was released we also started seeing a lot of talk (primarily on Twitter initially before …read more
Further evidence out this morning confirms the ongoing improvement in the Cairns labour market. Dept of Social Service jobseeker data has been released for January and this allows us to update our Conus/CBC Staff Selection Trend series (which seasonally adjusts the original Dept data). This shows Trend Jobseekers fell again …read more
The fourth quarter GDP data released this morning came in lower than expectations as household consumption growth remained weak. The market had been looking for real GDP to lift about 0.4% for the quarter to give a 2.7% y/y figure. The result was just a 0.2% q/q lift which saw …read more
Release of the January building approvals data from the ABS simply confirms the ongoing decline that we’ve been documenting for some time. At the national level, despite a modest bounce in the month-on-month seasonally adjusted numbers, the Trend fell by 3.2% m/m and is now down 27.0% for the year. …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series