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Fewer work in finance

The labour force working in the finance and insurance industries has fallen by an estimated 19,000 over the 15 months since major employers stepped up cost-cutting in the sector.The Australian Bureau of Statistics estimated the number of people working in finance and insurance at 410,300 at November 2012, down from 429,200 in August 2011.The figures, released yesterday, show regional variations in employment levels. Finance sector jobs fell by 4000 in New South Wales and by 6000 in Victoria. But an estimated 2500 more people were employed in the finance sector in Queensland and 6500 more in Western Australia compared to 15 months earlier.

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