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A while ago we completed a Strategic Plan for a FNQ Tourism body and in it made note of the wildly optimistic forecast embedded within the TTNQ Strategic Plan 2011-15. At the time TTNQ were forecasting expenditure to hit $3.2bn by 2015 which, at the time, represented a compound annual growth …read more
The State Accounts for the 2013-14 financial year released today by the ABS show that Gross State Product (GSP) in QLD rose 2.3% for the year (against GDP growth of 2.5%). The Northern Territory (+6.5%) and WA (+5.5%) led the way with the ACT coming up the rear at just …read more
NOTE regarding the ABS revisions to Sept and their impact on Conus Trend figures. The revisions to the ABS data for Sept and the preceding months, announced a few days ago and discussed here, have inevitably had an impact on the Conus Trend data for Sept. It is therefore worth …read more
Despite the rather disappointing QLD Building Approvals data reported on last week (see here), the regional data released this morning shows that things are holding up OK in the Far North. The ABS produce raw (unadjusted) data for the Local Government Areas and this shows Cairns (incl Port Douglas) at …read more
A story in the Cairns Post today discusses a “mega-familiarisation” for backpacker tour agents in Cairns. The backpacker market is obviously an important sector for the region so this is good to see happening. However, for reasons that escape us, the Post has decided to demonstrate the importance of the …read more
Data released overnight shows that the US labour market continued to improve in October. A total of 214,000 new jobs were added to the non-farm payrolls and, in a separate survey, the unemployment rate fell to 5.8% (from 5.9%). Although the jobs number was somewhat lower than the market had …read more
The Statement on Monetary Policy from the RBA today has changed very little from the previous release in August. A somewhat lower A$ has led to some minor upward revisions to inflation expectations (previously mid-2015 core inflation was forecast at 1.75 – 2.75%, now that’s 2-3%. All forecasts from then …read more
ABS Short Term Arrivals and Departures for Sept show arrivals increased by 5.7% from a year ago (the total for the past 12 months are up 8.1% from the same period a year ago). Chinese arrivals have continued to grow strongly and are up 13.4% from a year ago (and …read more
Today’s release of the October labour force data comes after the revisions foreshadowed by the ABS earlier this week (see here) and sees the seasonally adjusted unemployment rate steady at 6.2% (after Sept was revised up from 6.1%). Employment grew by 24,100 which almost exactly cancelled out the 23,700 decline …read more
Labour Force data in the previous few months has been a confusing subject (see our posts here and here). Seasonally adjusted data from the ABS had become so volatile that last month the ABS scrapped seasonal adjustment altogether for the past few months and announced a review into what had …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series