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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
Certainly plenty of interest in this month’s Conus/CBC Staff Selection Trend employment data with Pete on ABC North Queensland talking to Pat Hession about January’s data and the impact of the recent flood event. You can listen to the segment below.
Pete spoke to Kier Shorey on ABC Far North this morning about the (unbelievable) unemployment data that was released last week (read commentary here), and he highlighted that although we can safely ignore the unemployment data, which is sure to be revised in coming months, the Conus/CBC Staff Selection Trend …read more
The ABS release of their January original, unadjusted regional Labour Force data this morning allows us to update our own Conus/CBC Staff Selection Regional Employment Trend series; and it holds some surprisingly positive news for Cairns. But first, looking more broadly across the state we see Greater Brisbane has added …read more
Many commentators have written about movements in the Participation Rate (PR) and the impact this has on unemployment rates; if participation increases then any decline in the unemployment rate is harder to achieve with more people entering the labour force (and vice versa). The discussion is certainly a valid one, but …read more
The ABS release of the labour force survey data for Jan gives us our first look at how the employment picture started the year. On a seasonally adjusted basis employment jumped by 39,100 (with full-time positions up 65,400), much stronger than the market expectation of 15,000 increase. An almost-5,000 revision …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series