Economy figures showing positive signs

An overview of the Cairns economy has revealed that consumer spending in September 2021 increased to $323 million, including $95.7 million attributed to visitor spend, up from $299 million in August 2021.

Unemployment figures continued their downward trend with the broader Cairns SA4 region at 5.2% (unemployment) as at October 2021, compared with 6.1% 12 months ago.

Monthly Jobseeker recipients have continued to decline, reducing to 8,959 in October 2021, compared with 12,598 in October 2020.

Job advertisements for Far North Queensland have continued an upward trend, with more than 5,800 ads in October 2021, compared with 4,470 in October 2020.

Passenger movements at Cairns Airport have steadied since mid-October 2021 and are slightly higher than for the same time in 2020.

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