8 / 14  BIS central bankers' speeches  Since 2012, however, the situation has reversed. Full-time employment in Western Australia and Queensland hasn’t increased and the unemployment rate across those two states has risen noticeably. That makes sense. From 2012, mining investment and commodity prices were in sharp decline.
In addition to the retrenchment of mining-related employment, those forces have also had a noticeable knock-on effect to non-mining industries in those states, as the buoyant effects of strong growth of the population and household expenditure have been unwound in concert with conditions in the mining industry.