Now here are a couple of charts that suggests economic conditions are picking up in Australia’s mining states and territories.
Posted by Alex Joiner, chief economist at IFM Investors, on Twitter earlier today, they suggest stronger commodity prices have now started to filter through to labour market conditions in Western Australia, Queensland and the Northern Territory.
The first shows that annual employment growth in mining states and territories is now growing at a faster pace than other parts of the country for the first time since mid-2014.
Quite the rebound, right? Much like the move in commodity prices since the beginning of last year.
And, as the second chart reveals, stronger hiring levels have led to a decline in unemployment in the locations, too.
You can follow Alex on Twitter here.
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