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The ABS released their original, unadjusted regional labour force data for Sept this morning. We need to consider the Conus Trend series to make much sense of this highly volatile data series. When we consider the split between the Greater Brisbane and Rest of Queensland areas we see that the …read more
The ABS release of Q3 CPI this morning has come in slightly below market expectations with core inflation remaining stuck just below the bottom of the RBA target range. CPI posted a 0.6% q/q increase for the Sept quarter (market expectations had centred around +0.8%) which meant year-on-year inflation fell …read more
Yesterday saw the release of the second tranche of Census 2016 data part of which included information relating to employment. However, we would suggest that we need to be careful when reading too much into the Census data as it relates to employment. Employment is one of the few indicators …read more
The ABS data for the labour market in September shows another strong result with employment up 19,800 (expectations had centred around +15K) and the unemployment rate (seasonally adjusted) falling to 5.5%. Employment growth in August was revised sharply stronger to an increase of 53,000 (originally) 27,100. So, although stronger than …read more
Today saw the release of the Building Activity data for the second quarter of 2017 and it shows dwellings under construction falling in QLD (in particular unit construction)…see the chart below from Stephen Gosarevski, Economist at CCIQ. But as readers will know, the trend in residential building approvals in QLD …read more
The ABS released their (original, unadjusted) residential building approvals at the SA4 and LGA level this morning; and they reveal good news for the Far North. As always, this highly volatile data set needs to be seen through the lens of the Conus Trend to make any real sense of …read more
The ABS data for residential building approvals for August shows that across the country approvals were up 0.4% m/m (seasonally adjusted) but remain down 15.4% y/y. The far less volatile Trend series shows approvals up 1.1% m/m and down 6.5% y/y (which is the slowest rate of decline this year). …read more
We all know that the Retail sector is facing a huge disruption in the form of online shopping. It’s been so for a while now and, with the emergence of Amazon in Australia soon, is only likely to become more pronounced. Digging into the quarterly industry jobs (and in particular …read more
Today saw the release of the August original, unadjusted labour force data for the SA4 regions from the ABS. As always, we need to consider this highly volatile series in light of the Conus Trend. In Cairns we see the headline Trend unemployment rate lift slightly to 5.6% (after July …read more
The June quarter National Visitor Survey from Tourism Research Australia was released this morning (see here for full details), and it confirms the deteriorating story for the region we’ve been discussing for some time (see commentary from last quarter). Across the nation domestic overnight visits rose 5.2% y/y and were …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series