Two speed jobs (continued)

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Following on from today’s earlier post on Australia’s Two speed jobs market, reader, Nick, alerted me to the ABS’ breakdown of aggregate hours worked by state, which supports the theme that Australia’s labour market is running at two speeds.

Unlike my earlier post, which compared the growth in total employment, and showed Western Australia, Queensland and South Australia as the front runners, and Victoria and New South Wales as the laggards, the year-on-year change in aggregate monthly hours worked paints a slightly different picture:

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Again, it’s the two big resource states out in front, although this time Queensland has seen the largest jump in monthly hours worked (possibly affected by last year’s floods). However, South Australia has joined the laggards list, chalking-up essentially no growth along with New South Wales, and Victoria registering sharply falling growth in hours worked compared with January 2011.

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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.