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One of the less publicised elements of the 2017-18 Budget released on Tuesday was the decision to slash funding to the Australian Bureau of Statistics (ABS). Tucked away in Budget Paper 4; Agency Resourcing is a reduction in funding for the agency of some $218m (33.6%) for the next financial …read more
Among all the Budget 2017-18 announcements and trumpeted measures (of which Nick Behrens from QEAS provides as good a summary as any here) the most interesting (disappointing?) chart for me comes in Budget Paper 1, Statement 3 regarding the Structural Budget Balance. As the Budget acknowledges; “Restoring the structural integrity …read more
Today’s building approvals data for March have come in well below market expectations, although the Trends at both state and national level were positive for the month; the first time they’ve both been positive since early 2016.. March’s approvals across the nation fell by 13.4% for the month (expected down 3.9%) …read more
The QLD Treasury data for State Accounts for the final quarter of 2016 shows the economy picking up nicely. Whilst the ABS only produce Gross State Product data on an annual (financial year) basis, the Treasury produce their own quarterly estimates. These show GSP rose by 0.9% q/q after the …read more
A piece in today’s Australian (read it here) perpetuates the old news that youth unemployment in Cairns is running at crisis levels. In this case the article quotes Cairns youth unemployment rate at 27.5%. As regular readers will know, this figure would appear to be the “official” 12 month moving …read more
In line with market expectations, the inflation data released by the ABS today shows CPI back within the RBA’s 2-3% target range. For the March quarter headline CPI rose by 0.5% for an annual increase of 2.1% (up from 1.5% in the previous quarter). The RBA’s preferred “core” measures of …read more
We’ve only now had time to crunch the numbers for the February regional building approvals data (released while we were on holiday a few weeks ago), but it doesn’t provide any joy for the North. Considering the SA4 regional data first, the Conus Trend series for Cairns shows a slight …read more
Pete spoke to John MacKenzie on radio 4CA this morning about jobs in Townsville and Cairns following our blog yesterday, and today’s article in the Courier Mail. You can listen below.
We’ve just returned from a couple of weeks in SE Asia so have some catching up to do. First thing on the agenda was the labour force data for March released last week. We saw the headline (seasonally adjusted) unemployment rate remain stable at 5.9% despite a very sharp addition …read more
I spoke to Kier Shorey on ABC Far North this morning about the latest Dept of Social Services data for Job Seekers in the area. You can listen below.
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series