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Today’s release of CPI data for the third quarter showed inflation falling once again. The headline CPI rose by just 0.5% q/q (+0.7% Q/q previously) while the annual rate remained stable at +1.5%. However, the measures that the RBA watch, namely Trimmed Mean and Weighted Median, were each up just …read more
Pete was interviewed by Kier Shorey on ABC Far North this morning regarding the Cairns and Townsville jobs data released yesterday. You can hear the interview below.
This morning’s ABS Sept labour market data for the Queensland regions is, as always very volatile, although this month seems even more so than usual. The headline, unadjusted data shows Cairns unemployment rate jumping to 9.2% with 3,600 jobs lost in the month. To our south the original data shows …read more
The ABS labour force data for Sept released this morning shows a picture somewhat weaker than anticipated after last month’s pleasant surprise (see here for commentary regarding the strong Aug data). However, as we noted last month, the strong seasonally adjusted data for Aug disguised a rather weaker story hidden …read more
Today sees the release of the (unadjusted) regional building approvals data which shows the Cassowary Coast as the stand-out performer for the month of August. The ABS unadjusted original data is so wildly volatile that we really need to focus our attention on the Conus Trend series, and in doing …read more
Today saw the release by the ABS of the short term Arrivals and Departures data for August. With the A$ having fallen to its lowest levels since early 2009 against both the US$ and our Trade Weighted Index it’s not surprising to see the number of international arrivals continuing to …read more
Following up on my previous post, when we consider the breakdown of population changes in QLD we can see where the real slow-down is happening. For the year to March 2015 Natural Increase accounted for 34,083 people, which was the smallest increase from this component since Sept 2007 (when the QLD …read more
The ABS estimates for population in the first quarter of 2015 show the total Australian population up 1.4% from a year ago at 23.714 million (this rate of growth is unchanged from the previous quarter). Population in Queensland grew at just 1.3% (down from 1.4% last quarter) to 4.767 million; …read more
After yesterday’s ABS regional jobs data (see here) showed some very modest improvement in the unemployment rate in the Cairns SA4 area (on the back of a fall in Participation rather than an improvement in jobs), today we get the Dept of Employment’s quarterly Small Area Labour Market (SALM) data …read more
The regional labour market data from the ABS released today shows the unadjusted, original unemployment rate in Cairns stood at 7.2% (down from 8.7%) in August. However, as always the raw unadjusted ABS data is far too volatile to take seriously on a month-by-month basis. Rather we should focus 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