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Fairfax’s Peter Martin has posted an interesting article today on the worsening employment situation in Victoria, which threatens to scuttle the incumbent Liberal Government:
No state other than Tasmania performed as badly. Victoria’s Coalition government inherited an unemployment rate of 4.9 per cent and will bequeath to its successor something close to the present 6.8 per cent. Australia’s national unemployment rate was also 4.9 per cent when the Victorian Coalition assumed office. But it is now 6.1 per cent, well below Victoria’s…
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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.