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Yesterday’s post on the regional labour force data (read it here) causes a good deal of interest. Pete was interviewed on ABC Far North first thing this morning and the story has been running in their news bulletins since. If you missed it you can listen to it below…
After the disappointing April labour force data for QLD released last week (see here) which saw the State unemployment rate lift to 6.5% we were bracing for some weak regional data today. The reality was worse then we had been expecting. As always when considering the ABS Regional Labour Force …read more
Today’s release of the April Labour Force data from the ABS contains little to surprise at a national level, but the story for the Sunshine State is weaker again. April saw 10,800 new jobs (although these were all part-time with full-time jobs falling by 9,300 seasonally adjusted) and the headline …read more
Mark Beath over at CairnsEconomy.com has done some interesting analysis of the regional building approvals data looking at approvals per capita. Read it here..
Today saw the release of the Regional Building Approvals data from the ABS. This data is released as an unadjusted series so we need to consider the Conus Trend to make any kind of sense. When we look at the Local Government Area (LGA) data we see Cairns Regional Council …read more
Data this morning from the ABS shows short term arrivals in March hit a new record monthly high of 666,000 (seasonally adjusted). This translates to 8.1% higher than at the same time last year. The total arrivals for the past 12 months (7.6 million, and a new record high) is also …read more
After the release last week of the low CPI numbers, and the RBA’s subsequent decision to cut rates by 25 bps yesterday (see below), it comes as no surprise to see the quarterly Cost of Living Indexes confirming the lack of any inflationary pressure. The COL Indexes are designed to …read more
Yesterday I attended the Cairns Chamber of Commerce lunch to listen to Ian Maltman, CFO of Cairns Airport, talking about future plans. As the Cairns Post reported today, there was plenty of optimism about the potential of a number of new routes, both international and domestic, coming online in the …read more
Today’s release of first quarter CPI has shocked the market with a reading much weaker than had been expected. Headline CPI fell by 0.2% q/q (against expectations of a 0.2-0.3% rise) for an annual rate of just 1.3% (expected around 1.7%). The more closely watched Trimmed Mean (+0.2% q/q, +1.7% …read more
Today’s release of ABS Regional Labour Market data is a very clear tale of two very different cities in the north of the State. Once we have adjusted the raw ABS data, and therefore created the Conus Trend series, we see that Trend Employment in Cairns rose by 400 in …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series