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Third quarter inflation has fallen, broadly in line with market expectations. The headline CPI rose 0.5% q/q for an annual increase of 2.3% (down from 3.0% in the June quarter). The RBA will be paying particular attention to the two “core” inflation measures. Trimmed mean rose 0.4% q/q and +2.5% …read more
The graph below plots the Conus and ABS Trend series for employment to working population ratios. As we can see, the Trend has been on a steady decline since early 2009 with the gap between Greater Brisbane and the Rest of Queensland staying largely stable. However, Cairns has been highly …read more
Friday’s article from the Cairns Post (see here) on the regional jobs data makes it clear that they still haven’t got a grasp of how unreliable the raw ABS data is. The article reports a “bizarre situation” where the number employed a year ago is higher than the number employed …read more
Comments coming from LNP Minister David Crisafulli regarding the allocation of the proceeds from the proposed lease of Townsville Port brings into focus concerns we have expressed previously about the inequity of the Newman Government’s stance on asset lease/sale proceeds. The LNP position, as stated to us personally at a …read more
Since introducing the Conus Trend series for regional jobs data we have had frequent queries as to why our data appears so different to that provided for the Cairns region by the Queensland Government Statisticians Office (their report for Cairns Sept data is available here). The simple answer is that …read more
After the confusion of the ABS revisions to the September labour force data (see here for details) it is perhaps not surprising to see the regional data also banging around. As always the headline data needs to be treated with a great deal of caution and, instead, focus should be …read more
Following on from the solid building approvals data last week for the nation and State (see here), today sees the regional data also showing a strong trend in the Far North. Approvals in Cairns and Douglas came in at 59 in August, Cassowary Coast at 11 and Townsville at 148. …read more
In something of an embarrassing turn of events for the ABS the bureau have today released the labour force data for Sept with some major revisions (and a lengthy explanatory note) which sees the seasonal adjustment removed from the Jul, Aug and Sept data (for reasons that the ABS cannot …read more
The ABS short term arrivals and departures data released today shows arrivals up strongly (up 8% from a year ago in August, and the 12 month total up by 8.2%) on the back of a surge in Chinese arrivals. China accounted for 13.2% of all arrivals in August (the second …read more
The release overnight of the US jobs report for September has seen the A$ fall almost a full US cent. The non-farm payrolls for Sept saw a strong increase of 248,000 (above expectations) combined with large upward revisions to the data for July and August (combined revisions added another 69,000). The …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series