Following today’s ABS Labour Force data for February, find below a series of charts indicating the state by state breakdown of full time jobs since early 2007. Everywhere other than WA had a nice pop for the month. This is raw data, which is why the aggregate increases are higher than the national figure quoted in much of the media of 47,600 new full time positions.
Couple of observations. First, the parasitic eastern states are flourishing, especially Victoria.
That is only fair, I guess, given the heavy lifting they did during the GFC, which clearly only effected WA, SA and TAS to any degree.
Next time someone tells you mining saved us from the GFC, show them these charts. Though certainly, it has saved us since.
Overall, a good month for employment and some welcome respite from the procession of downside economic surprises.