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The release today by Tourism Research Australia of the International Visitor Survey for the final quarter of 2015 shows the boom in the Australia tourism industry still well in place. Total international visitors to Australia rose by 7.9% for the year to 6.9 million (a new record high), expenditure was up by …read more
Today saw the release from the ABS of the regional labour market data for January. As always with this regional data the ABS only provide the original, unadjusted numbers. To get a clear picture we focus on the Conus Trend series. In Cairns the ABS reported a loss of 5,100 …read more
Well it was bound to happen sooner or later. After a series of months when the labour force data has surprised on the upside January’s numbers have shocked on the downside. The seasonally adjusted series showed 7,900 jobs lost in the month with a thumping 40,600 reduction in full-time positions. …read more
Yesterday saw the release of the Queensland Treasury State Accounts for the third quarter of 2015. There was some predictable spruiking of the data from the Treasurer as he focused on the Trend series which shows Gross State Product (GSP) rose 0.9% q/q and 2.6% annualised. This is stronger than …read more
The ABS released data for Short Term (less than one year) Arrivals and Departures for December. It shows that arrivals into Australia are continuing to grow very strongly hitting a new record high of 659,800 for the month (seasonally adjusted). This is 12% higher than a year ago and for …read more
Yesterday saw the release of the ABS Regional Building Approvals data for December. The ABS provide the data only as an unadjusted monthly series, so we prefer to study our own Conus Trend to get a meaningful picture. In the Cairns region (including Douglas Shire) the ABS reported just 55 …read more
The ABS Cost of Living Indexes for the fourth quarter show price increases running at a slightly higher rate than in the previous quarter. The COL Indexes are designed to answer the question “By how much would after tax money incomes need to change to allow households to purchase …read more
Today’s release of Building Approvals data for December were somewhat higher than expected generally, and show QLD doing better than the nation as a whole. The seasonally adjusted data for Australia showed approvals were up 9.2% m/m for a 2.5% decline over the year (the market had been tipping a …read more
Today’s release of the CPI data for the final quarter of last year simply confirms what we have all known for some time; there is no real pressure on prices at present. The CPI for Q4 was up 0.4% q/q for an annual increase of 1.7%; a modest increase from …read more
Today’s release of the (unadjusted) ABS labour force data for regions allows us to update our own Conus Trend series for the Queensland regions. In Cairns we saw the Conus Trend unemployment rate fall to 7.2% (7.5% in Nov); its lowest level since Aug 2011. Trend employment in Dec increased by …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series