“Depression era” unemployment hits parts of Perth

Friday 15 July 2016

The Western Australian is reporting that high double-digit unemployment has hit parts of Perth:

Pockets of metropolitan Perth have unprecedented, Depression-era levels of unemployment, with the jobless rate 25 per cent in some 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.