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The updated Conus/CBC Staff Selection Regional Employment Trend data for August shows the Trend unemployment rate in Cairns stable at 6.3% with the addition of 1,700 to Trend employment. All of those extra positions came in the full-time sector with part-time employment falling 100. A strong increase in Trend participation …read more
The short term arrivals and departures data for July show total arrivals into Australia were up 3.0% y/y (s.a.) or +5.4% annual to new record highs of almost 9.1 million for the 12 months to July. While the growth of visitors from China continues (up 3.0% y/y and +9.6% annual …read more
Pete spoke to Kier Shorey on ABC Far North this morning about yesterday’s Queensland labour force data (read our comments here). You can listen to the interview below.
The August labour force data for Australia came in stronger than expected with a very solid lift in the number employed of 44,000 (market expectations had centred around 18,000) which saw the headline unemployment rate unchanged at 5.3% as participation also lifted slightly (all seasonally adjusted data). The vast bulk …read more
Yesterday we released the Conus Trend Regional Building Approvals QLD data for July derived from the original ABS data at the SA4 level. We noted that while year on year declines in approvals in QLD (-1.9% y/y) were coming from the Regions (-6.0% y/y) the Greater Brisbane area was still …read more
Following on from yesterday’s GDP release (see here for our post) and an article in today’s Courier Mail, Pete spoke to John MacKenzie on radio 4CA this morning. You can listen to the interview below.
Today saw the release of the original regional building approvals data from the ABS for July. Last week we saw QLD’s Trend approvals drop by 0.3% m/m and 1.9% y/y (see here for details). Today’s data (when seen through the lens of the Conus Trend series) shows us that those …read more
The second quarter GDP data released this morning came in somewhat higher than expectations (although the better than expected numbers came about largely from “statistical discrepancy’ adding 0.2 ppts). The market had been looking for real GDP to lift 0.7-0.8% for the quarter to give a 2.7% y/y figure. The …read more
ABS data for July residential building approvals show them down 5.2% m/m, -5.6% y/y (seasonally adjusted) after a solid move higher last month (which was revised slightly higher still). The less volatile Trend series shows a m/m decline of 1.3%, down 2.5% y/y; this is the first year-on-year decline in …read more
With the ABS regional labour force data, and the Conus/CBC Staff Selection Trend of that data, showing the unemployment situation improving slightly in Cairns over the past couple of months it’s a little surprising that today’s Trend analysis of the July Jobseeker data from the Dept of Social Services shows …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series