Jobseeker numbers continue to decline; they fell by 9.5% in QLD in past 12 months

The Dept of Social Services original data on the Youth Allowance and Newstart Recipients for October allows us to update our own Conus/CBC Staff Selection Jobseeker Trend series for Cairns and Townsville SA4s. Trend jobseekers have again fallen in both areas; although Cairns continues to do rather better than Townsville. …read more

Regions leading the way on QLD jobs

The original ABS regional labour force data for Oct released this morning allows us to update our own Conus/CBC Staff Selection Trend data. Doing so makes it clear that, while the State as a whole is doing poorly (see here for commentary from last week), the regions are outscoring Greater …read more

Cairns projected growth

The Queensland Government projections of future population growth are an important indicator as they will be used to determine infrastructure planning into the future. The most recent version shows projections out to 2041 at both SA4 and LGA level; and this is what they tell us about the Government’s projections …read more

Is the Chinese tourism boom to Australia coming to an end?

The simple answer to the question posed above, at least based on ABS data for Sept released today, would be ‘probably’. The Trend data for short-term arrivals into Australia from China shows a 1.3% increase over the year to Sept, following on from a 0.9% increase the month before. To …read more

Is the labour market really as strong as the unemployment rate data suggests?

Yesterday we saw the release of the ABS Labour Force data which confirmed the seasonally adjusted unemployment rate at 5%, while the Trend rate dropped to 5.1% (see here for details). Trend employment growth, despite having slowed recently, remains robust at 2.3% for the year. The country has added about …read more

Oct Labour Force – QLD bucks the improving Trend and slides further

Today’s labour force data for Oct has surprised the markets with another strong increase in employment (+32,800 seasonally adjusted) after the apparently strange Sept numbers (see here for the details). Expectations had centred around an increase in employment of around 20,000 with the unemployment rate rising slightly to 5.1%. In fact …read more

More poor regional building approvals data

After seeing the weak residential building approvals Sept data for Australia and Queensland last week which showed Trend approvals in Queensland down 7.1% for the year (see here) it’s not surprising to see the regional data released today showing things slipping in our region. The Conus Trend for Sept shows …read more

Conus/CBC Staff Selection Jobseeker Trend sees further improvements in Cairns and Townsville

The Dept of Social Services original data on the Youth Allowance and Newstart Recipients for September allows us to update our own Conus/CBC Staff Selection Jobseeker Trend series for Cairns and Townsville SA4s. Trend jobseekers have again fallen in both areas; although Cairns continues to do rather better than Townsville. …read more

Delayed Intl Visitor data not what TTNQ had been waiting for

We have finally got the much-delayed International Visitor Survey results for the June 2018 quarter from Tourism Research Australia (see here). We should note that TRA acknowledge continued issues with regard to this data and we may see revisions to this data in months to come. Nevertheless, today’s release appears …read more

Inflation going nowhere

Largely as the markets had been expecting, CPI for the third quarter showed a slowdown from the heady (?) 2.1% pace of the second quarter and settled back to sub-2%. The quarter on quarter CPI change was +0.4% for a yr/yr rate of 1.9%. However, for those looking more closely, …read more

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