Data for October shows building approvals across the country fell by 12.9% m/m and are now down 8.1% from a year ago. The decline is being lead by unit approvals which are down 15.1% y/y while house have fallen just 4.4%. In Queensland total approvals edged higher in October by …read more
Despite large falls in employment nationally (and to a lesser degree in Queensland), the North of the State appears to have escaped relatively unscathed this month. The Conus/CBC Staff Selection Trend series shows trend employment in Cairns fell 400 (with all the losses coming from part-time positions) while Townsville added …read more
Data from the National Skills Commission released today shows online job vacancies in the Far North surged in October to a new nine-year high. The three-month average was up 2% from the previous month and is now up 31% from a year ago. Across Queensland vacancies were also stronger, although …read more
There had been expectation that, after a sharp fall in employment in Sept, that there might have been an uptick in October as the lockdowns in NSW and Victoria started to relax. In reality employment fell again (by 46,300) and the unemployment rate climbed to 5.2% (from 4.6%) as people …read more
Given the declines we saw in residential building approvals at both the national and State level last week (see here for details) it should come as no surprise to see a similar pattern emerge in the North. However, what today’s release by the ABS of more granular original regional data …read more
Tourism Research Australia have just released their monthly snapshot domestic tourism data for August (see here) which clearly shows the effect of the lockdowns in NSW, Victoria and the ACT. Across the nation domestic tourism expenditure fell by 12.4% from a year earlier with a decline of almost 80% in …read more
The boom in residential building approvals that we saw from mid-last year until the first quarter this year has well and truly come to a halt. September saw approvals down 4.3% m/m, although they remain up 12.8% from a year ago. What strength there is comes from unit approvals (up …read more
The headline CPI figure for the third quarter came in broadly in line with market expectations. The quarter-on-quarter increase was unchanged at +0.8% (actually unchanged at +0.76%) but the year/year increase fell back to +3.0% (from +3.8% in the June quarter) as base effects unwound. However, what is far more …read more
Today’s regional labour force data, when seen through the lens of the Conus/CBC Staff Selection series, provides us with a picture of how well females in Cairns have done over the past 12 months compared to their male colleagues. Employment While Trend employment is up in Cairns by 3,500 that …read more
September Labour Force data, released by the ABS this morning, allows us to update the Conus/CBC Staff Selection Trend series for the regions of Queensland. We see that while the seasonally adjusted unemployment rate across QLD is 4.9% (see details from last week) in Greater Brisbane it is 5.5% (Trend …read more