Financial Performance and Remediation Update

A NEAR-TERM HIT TO THE LABOUR MARKET, BUT A GOOD STARTING POINT UNEMPLOYMENT IS LOW¹ UNEMPLOYMENT IS LOW ACROSS THE STATES¹ (%) 20 20 15 10 10 5 (%) -Unemployment Rate Underutilisation Rate 8 7 6 5 4 NSW VIC QLD SA WA TAS 0 3 1991 1994 1997 2000 2003 2006 2009 2012 2015 2018 2021 Mar 20 Jun 20 Sep 20 Dec 20 Mar 21 Jun 21 Sep 21 HOURS WORKED HAVE BEEN HIT BY LOCKDOWNS2 EMPLOYMENT BY INDUSTRY³ (Index) NSW -VIC QLD SA WA -TAS (Index) 105 110 100 100 95 90 Mining 90 -Health 90 Construction Trans., & postal 80 Household services ex health Goods Distribution Business Services Goods Production 85 70 Jan 20 May 20 Sep 20 Jan 21 May 21 Sep 21 Feb 20 May 20 Aug 20 Nov 20 Feb 21 May 21 Aug 21 €23 Source: ABS. Data to September 2021 (2) Source: ABS, NAB. Data are monthly hours worked from the labour force survey, indexed to February 2020 = 100, data to September 2021 (3) Source: ABS, NAB. Data are employment by industry from the labour force survey, February 2020 = 100, data to August 2021 116 National Australia Bank

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