Advertisement
Thursday’s labour force release from the Australian Bureau of Statistics (ABS) confirmed that Victoria is leading the nation in unemployment, with the state’s youth population being the most affected.
As illustrated below by Alex Joiner, chief economist at IFM Investors, Victoria’s headline unemployment was 4.89% in May, 0.72% higher than the national average excluding Victoria:
Victoria’s unemployment rate is the highest on the mainland, behind only Tasmania (5.3%).
Advertisement
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.
Advertisement