Unemployment – State Trends – ABS

The ABS data for October includes state by state splits, which when analysed highlight some interesting trends. Tasmania has the highest rate, though it has been coming down lately. SA is also high, but reducing a little. QLD and VIC appear to march in step, but both moving up. NSW, which lifted earlier in the year, appears to be levelling out, in line with the recent economic rebound. WA continues to rise a little, from a lower base in 2012, the peak of the mining boom.  NT rates are low, and in the ACT we see a significant trend shift up (though on small numbers), reflecting reduced numbers of civil servants. Cross state averages hide these important differences.

Unemployment-Rate-State-Oct-2014

 

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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