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The ABS regional quarterly data for industry jobs shows Healthcare as the big winner in the Cairns region over the past decade. Since Nov 2006 the sector has added 4,900 jobs (3,000 of which have been full time) and now is the largest employing sector in the region with a …read more
The CPI for the final quarter of 2016 released today came in slightly below market expectations at +0.5% q/q for an annual increase of +1.5% (up from +1.3% last quarter). The RBA’s preferred “core inflation” measures of Trimmed Mean and Weighted Median both rose by 0.4% q/q for year on …read more
The Dec 2016 ABS original data for regional labour markets was released this morning and, upon analysis of the Conus Trend series, we see further confirmation of the stronger picture in the Cairns SA4 region. Even the Townsville region, whilst still very weak, sees some slight improvements. In Cairns the …read more
Today’s release of labour force data for December 2016 show the headline (seasonally adjusted) unemployment rate for the nation edged higher to 5.8%; although the Trend series remained unchanged at 5.7%. The increase came despite another increase in the number employed by 13,500 reflected in an increase in the Participation …read more
Today’s release of the regional building approvals data for November from the ABS doesn’t provide any good news for our region (not surprising given the general weakness at a state level seen last week…see here for details). The unadjusted regional data is best seen through the prism of the Conus …read more
A new year, and a time to reflect on where we stand in Queensland. And as far as the pollies are concerned (while Parliament is yet to return) the emphasis appears, as ever, to be on spinning the data to make whatever point they wish. In today’s Australian we see …read more
Once again highly volatile unit approvals have pushed building approvals data for November above market expectations. While the market had been looking for a 4.6% m/m increase in the seasonally adjusted data (after a 12.6% drop last month) unit approvals resulted in an actual total increase of 7.0% (down 4.8% …read more
Last week we released our Conus Trend data for all the Queensland regions and our estimate of a Trend unemployment rate in Cairns of 6.3% raised a few eyebrows. However, the latest release by Rick Carr, at Herron Todd White, of his Cairns Watch report is even more bullish (download …read more
The ABS original data for regional labour force was released this morning (along with some adjustments caused by the labour force re-benchmarking released earlier this month) and, as always, we need to consider this highly volatile data set in light of the Conus Trend to make much sense of it. …read more
Today saw the release of Tourism Australia’s National Visitor Survey for the Sept quarter (available for download here). It shows domestic tourism growing at almost 5% nationally but QLD, and TNQ in particular, not performing as well. Nation-wide domestic overnight visitors increased by 4.8% on the year to Sept to …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series