Lockdowns & Interim JobSeekers
Amid reports that Centrelink is overwhelmed with processing Covid Disaster Payments there has been another parliamentary drop of JobSeeker data up to July 9th. The previous monthly data was for the week ended 25th June. This was the two week period of school holidays and Cairns SA4 saw a further drop of 631 or -3.6%…
BITRE Top Cairns Routes
BITRE data has been updated to May for top airline routes: The post-pandemic convergence of numbers from MEL and SYD can probably best be explained by the loss of international passengers on domestic routes. April and May were the first reasonable recovery comparison months we have before recent lockdowns. I would now be less confident…
Things I don’t (yet) understand
RTA released bonds data on Friday. Cairns Regional Council area: My problem is still this: This generally flat trend since 2014 2013 is exceptional to Cairns among regional Queensland cities. Rental bonds are not compulsory but have previously aligned reasonably with census data. Bond numbers are as held at end of quarter by RTA. Rental…
SQM June Vacancy Rates
Last month I noted that the 4870 postcode with about half the rentals in Cairns was the one that hadn’t yet breached a new post pandemic low. This month it has. Declines in the northern beaches postcodes are the most significant while the southern suburbs appear to have stabilised at very low rates. Louis Christopher:…
Preliminary June JobSeekers
Preliminary monthly JobSeeker numbers for June provided to a parliamentary committee show JobSeeker + Youth Allowance (other) recipients in Cairns SA4 fell by 941 or 5% This is well above the national decline of 2%. However, as posted back following initial JobSeeker data for April 2020 simple percentages can misrepresent where they are applied to…
June Airport Lockdown Turbulence
Cairns Airport numbers for June were the first time that I can find where passenger numbers came in below May. A short Melbourne lockdown commenced in June now followed by Sydney which looks far more serious. I’m not sure where that leaves the subsidised airfare scheme. There was a small hopeful flicker in international passengers…
Regional Payroll Data Questions #2
To update the previous post the weird SA3 payrolls data has been resolved. This was the initial data for Cairns posted by ABS: This is the corrected data: Which look far more reasonable and consistent with previous releases. I don’t have anything but admiration for the work of ABS over the past year with unreasonably…
Insurance Issues Simmering
Noted it an recent report last month from FNArena: Insurers Grapple With Costs And Competition Morgan Stanley also has feedback from reinsurers that signals loss-making Australia is a global issue, asserting investors may be disappointed by the domestic insurers, which have consistently exceeded catastrophe budgets in recent years, despite no impact from cyclones, and this…
Questions on Regional Payrolls Data
End of month, quarter and financial year with a slew of data due and unposted drafts. Than came payrolls data today from ABS. I’m confused by this. Cairns is close to the median region. Different regions will be weighted differently within Queensland but I don’t understand how the Queensland index can be above all the…
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