The release by the ABS of the unadjusted regional labour force data today has, once again, highlighted the extreme volatility of this series. The original data suggests that 3,400 fewer people were in work in Cairns in Dec than in Nov (despite a supposed increase of 500 jobs the previous …read more
While we were away over the Christmas break The Cairns Post ran a piece (see below) highlighting the differences between our own Conus Trend labour force data for the regions and the Trend data provided by Rick Carr from Herron Todd White. In actual fact Rick’s data and ours haven’t …read more
An article in today’s Innisfail Advocate regarding building approvals in the Cassowary Coast would appear to give us some insight into the CCRC building approvals data for Dec well before the ABS release it (due 10th Feb). The story quotes Mayor Bill Shannon as saying that residential building approvals for …read more
While we were overseas for the Christmas break the Dept of Employment released their Sept Small Area Labour Market (SALM) data, which we have only now seen. The SALM estimates are created using data from Centrelink data of people in receipt of Newstart and Youth Allowance by postcode, the ABS …read more
Regional building approvals data for Nov has turned out to be a bit of a mixed bag. The unadjusted data from the ABS shows that Cairns (including Douglas) saw a total of just 42 approvals (half of the total for Oct), the Cassowary Coast saw a sharp uptick to 14 …read more
Today’s release of labour force data for Dec has shocked the market with its strength. Commentators had been expecting the headline (seasonally adjusted) unemployment rate to remain unchanged at 6.3% with about 5,300 new jobs being created. In reality we saw a huge 37,400 new jobs (with 41,600 of these …read more
Once again we see a State political party making claims regarding the number of jobs to be created. The LNP have today announced their “Jobs for Tomorrow” plan which pledges that “More than 209,000 jobs would be created in Queensland over the next six years”. The irony here is that …read more
Despite a strong set of numbers for national building approvals the picture in QLD remains stubbornly weak, as the hart below makes clear. Across the nation seasonally adjusted approvals rose 7.5% m/m and 10.1% y/y on the back of solid unit approvals (particularly in Victoria). The rather less volatile Trend …read more
Gene Tunny over at Queensland Economy Watch has put up a useful post on what we can expect for the Queensland economy in 2015. The general theme is likely to be a weak one as the LNP Government move to an election in a few months. As Gene notes, the …read more
This will be our last post for the year. There are no further ABS scheduled releases of data until the New Year and we are currently enjoying a break in the French Alps hoping for a “White Christmas”. We would like to wish all our readers a very Happy Christmas …read more