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Today’s release of Building Approvals data was a big disappointment for the markets. Expectations had been for (seasonally adjusted) data to show approvals down about 8% m/m (+11% y/y) after a 11.7% increase in Nov. In fact the monthly decline was a thumping 20% which took the annual growth into negative …read more
Today’s release of the final quarter 2017 inflation data was broadly in line with market expectations and therefore met by something of a collective yawn by watchers and traders alike. The headline CPI rose 0.6% q/q for a y/y increase of 1.9% (up from +1.8% y/y in the previous quarter). …read more
In discussing today’s CommSec and Deloitte reports on the Queensland economy (see here for some coverage), Treasurer Jackie Trad is claimed to have said that 85% of Queensland’s new jobs have been created in the private sector. Does the claim stack up against the data? In determining the validity of …read more
As usual, we create the Conus Trend regional jobs data from the original ABS monthly data for Dec before making any real analysis. The results for the year to Dec 2017 across the state are detailed below. We see that Trend employment growth in QLD beat the nation by a …read more
Regular readers will be well aware that there are a variety of ways that we can measure the strength of a Labour Market. A standard approach might be to track the unemployment rate (either seasonally adjusted or, preferably, Trend) but this measure can often hide nuances; the impact of increasing …read more
The release from the ABS of the Overseas Arrivals and Departures data for Nov shows short-term arrivals into Australia rose 8% for the year. Visitors from China continue to grow strongly; up 7.8% (seasonally adjusted) and up 13.7% (Trend). Short-term departures of residents (which are only provided on an original, …read more
Today’s data for the December labour force is a strong set for Australia with employment up another 34,700 (sa), or +25,000 (Trend), after the very strong data for November was revised up slightly. The market had been looking for an increase around the 15,000 level. However, an increase in participation …read more
Once again the question of the impact that Public Sector hirings are having on the labour market in QLD has raised its head again; this time by way of an article in today’s Australian by Sarah Elks. On the back of the recently released QLD Quarterly Work Force Profile for …read more
The ABS released their regional residential building approvals data this morning and, using the Conus Trend series, it shows that approvals in the regions are sliding lower as the capital holds relatively firm. While last week’s state-wide data showed the yr/yr decline in approvals in Queensland had come to a …read more
I was spurred into action this week by an article from John McCarthy in the Courier Mail (see here) in which he discussed the ABS data for the median length of time job seekers are spending looking for work. It’s not a data set that I’ve previously looked at much but …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series