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The Australian Bureau of Statistics (ABS) has today released its detailed monthly labour force statistics, which includes breakdowns of employment and unemployment across Australia’s capital cities and regions.
According to this release, the unemployment rate in Australia’s capital cities was 5.9% in October in raw terms, unchanged from September. By comparison, unemployment in Australia’s rural and regional areas was 6.6% in October, which was up 0.3% from September. The below chart, which is presented on a rolling 12 month average basis to smooth volatility, illustrates the trends in unemployment between capital city and regional areas:
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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.
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