QLD regions crash down capex cliff

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By Leith van Onselen

The latest ABS labour force data for April painted a dour employment picture in Queensland’s mining regions.

Across the regions as a whole, unemployment rose to 6.8% in the 12 months to April – the highest reading in 11 years (see next chart).

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.