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The release by the Dept of Employment of their Small Area Labour Market (SALM) data for the second quarter to June 2016 confirms the weaker story that we’ve been seeing in North Queensland (and in particular Townsville) for a while. The SALM data is based on a range of indicators including …read more
Today saw the release of the ABS regional labour force data for August. Our own Conus Trend series attempts to make some sense of the original, unadjusted data. In Cairns SA4 the original data showed a decline in the unemployment rate to 8.1% with 100 total jobs lost. We now have …read more
Today’s jobs data for August from the ABS has come in well below market expectations, but a decline in the Participation Rate has seen the headline unemployment rate fall anyway. The markets had been expecting employment to grow by about 15,000; instead it’s fallen by 3,900. However, before we get …read more
The impact that the domestic tourism boom is having in Tropical North Queensland can be clearly seen below. The expenditure figures include both overnight and day trips. Domestic tourism has added more than $500 million extra this year over last; that’s an increase of more than 24% y/y. International tourism …read more
Tourism Research Australia’s National Visitor Survey results for the year to June 2016 (available here) confirm the wonderful run of data we’ve been seeing in the Far North. Combined with the solid International Visitor Survey data released a fortnight ago (see here) today’s data confirms a fabulous financial year for the tourism …read more
The good news for the tourism industry continues. The ABS Short Term Arrivals and Departures data for July shows arrivals up 14% y/y (the best result since May ’14) and up 10.3% annually (the sum of the past 12 months) which is the best result for more than eleven years. …read more
After yesterday’s post regarding the national GDP (see here) I’ve had a few questions relating to my headline 2.9% annual growth figure and the widely quoted 3.3% y/y number; confusion reigns! Lets take a look at some detail of the GDP seasonally adjusted data and consider the different ways we …read more
Today saw the release of the GDP data for the second quarter. Markets had been expecting a figure around +0.4-+0.6% and the result came in at +0.5% q/q for an annual increase over the financial year 2015-16 of +2.9% and +3.3% y/y. Being broadly in line with expectations the Forex …read more
The Treasurer’s last Budget forecast economic growth for the state in the 2015-16 year of 3.5%. Given the first quarter 2016 Gross State Product data we’ve just had from the Treasury (see here) on our calculations we will be needing to see Gross State Product increase by 2.6% in the second …read more
The ABS have released their original Building Approvals data for July for the regions. The data is provided at both an SA4 (as well as SA3 and SA2) level and Local Government Area. We create the Conus Trend series for all the SA4 regions in Queensland and also for our …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series