This odd-looking decline was driven by year-on-year employment in Shoalhaven and the Southern Highlands shrinking by more than a quarter, which looks suspiciously like a statistical anomaly.
In fact, excluding the recent burst of employment growth in Geelong, regional employment growth has been negative in aggregate (with some areas obviously faring better than others), which is more or less what you would expect to see as resources investment continues to decline over the forthcoming year.
Sydney unemployment rate falling
Elsewhere, there looks to be a fair amount of labour force slack.
The wrap - capital cities creating the jobs