CommBank says regional labor markets close gap with capital cities as migration rises
CommBank said regional unemployment has been below capital-city rates since COVID, while capital-to-regional movers outnumbered flows back to capitals by about 30%.
1. Regional labor trends
CommBank’s Regional Movers Index reached a record, with capital-to-regional movers outnumbering flows back to capitals by about 30%. Healthcare led regional job growth, with education and public administration also contributing. Utilities employment rose about 40% since 2019, with renewable energy projects likely supporting the increase.
