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The ABS regional labour market data released this morning confirms the ongoing improvement in the jobs market in Cairns (see here for last month’s post). As always the raw unadjusted data needs to be set aside in favour of our Conus Trend series to get a true picture of what …read more
Just a little over a week after we saw the release of the October data for short-term arrivals and departures (see here) we now have the November data as the ABS plays catch-up. Today’s data shows arrivals down slightly from Oct but nevertheless still up 6.5% from the same time …read more
The 2015-16 Budget announced last night contains some welcome initiatives for small business. The reduction in the tax rate for small business to 28.5% will actually impact only a few companies, so the 5% tax discount (up to a max of $1,000 per individual) for small non-incorporated businesses is perhaps …read more
The ABS data for regional housing approvals in March released this morning show the positive trend in the Far North continuing, despite the headline data for Cairns weakening slightly from Feb. The unadjusted data from the ABS is notoriously volatile so we need to consider the Conus Trend series to …read more
The ABS released the April labour force data yesterday and despite the headline, seasonally adjusted unemployment rate ticking up from 6.1% to 6.2%, the data is actually pretty good. A total of 2,900 jobs were lost during the month (seasonally adjusted) but the substantial increase seen in March was revised …read more
As had been almost universally expected, the RBA today decided to shave another 25 basis points off the official Cash Rate to take it to a new low of 2.0%. In the press release announcing the decision (available here) the Board notes that commodity prices remain low, and CAPEX is …read more
As the ABS slowly gets to terms with the change in methodology for arrivals and departures cards (see here for details) today sees the release of short term arrivals and departures data for October. This shows arrivals at new highs of just under 600,000 for the month and over 6.8 …read more
The Building Approvals data for March released today has beaten market expectations and cemented a strongly positive trend both at State and National level. The seasonally adjusted data showed total approvals up 2.8% for the month (against expectations of a 1.6% fall); this equates to a 23.6% increase over the …read more
The reality that inflation is not an issue has been confirmed with the release of the Cost of Living Indexes from the ABS today. These will come as no real surprise given the weakness of the CPI data released last week (see here for details). The COLÂ Indexes are designed to …read more
A piece last week on the Cairns Now website, referring to our own analysis of the March Regional Labour Force data, made note of the variation in the data for males and females in Cairns. The Cairns Now journo was relying on the unadjusted ABS data as there has been …read more
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