Creating more jobs is a rather common promise in politics. Some politicians are more daring in pledging to create a certain number of jobs within a given period of time. During the 2013 electoral campaign…
(COMMENTS UPDATED) In the lead up to last year’s federal election, the government promised two million new jobs within 10 years. Its focus was on the “five pillar economy” of manufacturing, agriculture…
As a policy response to unemployment and structural change, incentives for workers to relocate in search of work have been pushing higher up the policy agenda. This has been the trend since the World Bank’s…
Even Angela Merkel now seems to agree that austerity has run its course. When Italy’s prime minister, Matteo Renzi, together with other European leaders, led a fresh charge against the ill-fated policy…
The CAMA RBA Shadow Board is a project by the Centre for Applied Macroeconomic Analysis, based at the ANU, which asks industry and academic economists what interest rate the Reserve Bank of Australia should…
In July, the federal government will begin a series of pilot programs for its work for the dole scheme across Australia. All job seekers aged 18 to 30 who have been unemployed for more than a year and…
Australia came out of the global financial crisis better than most industrialised countries, but did not escape altogether. With a weaker economy, the unemployment rate rose from about 4% to 6% between…
Charis Palmer, The Conversation and Emil Jeyaratnam, The Conversation
The latest instalment of the long running Housing, Income and Labour Dynamics Survey from the Melbourne Institute of Applied Economic and Social Research was released today, with many commentators using…
Last week Australia’s Fair Work Commission increased the national minimum wage to A$16.87 an hour from 1 July, 2014. The usual suspects rolled out the usual arguments denouncing this initiative, and Treasurer…
The norm of permanent full-time terms of employment is under serious challenge. In Australia today more than one-third of employed people work on more variable terms – in particular as casuals (19%), independent…
I believe there is a special case for taking an interest in youth unemployment. It is concerning that more than one-third of the unemployed people in Australia are aged 15 to 24. In the 14 years leading…
Governments across Europe are searching for effective policies to drive down youth unemployment. Most European countries have experienced an alarming rise in the levels of young people (16-24) who are…
More than 50,000 young people have been unemployed for more than a year, with the average length of unemployment almost doubling – from 16 to 29 weeks – over the last six years. This means nearly 18% of…
Fears for the so-called lost generation look more valid by the day. Britain’s chancellor might have the confidence to target full employment, but the problem of getting young people into work is a genuine…
The Australian economy appears to be benefiting from the current expansionary stance in monetary policy, despite uncertainties in the global economy. The CAMA Shadow Board is 71% confident that the cash…
Recessions always hit young people hard. Firms’ first response to declining orders is to stop hiring new recruits rather than sacking experienced staff. Young people disproportionately rely on new hiring…
Unemployment in the euro area finally seems to be showing signs of a timid recovery, according to the winter forecasts from the EU, but that doesn’t mean that we can rest on our laurels. A bumpy ride lies…
The key question for interest rates this month is whether improving domestic demand will curb the increasing rate of unemployment and underemployment, or whether labour market weakness will persist. The…
There has been much written in the media over the last year about the legacy of Thatcherism and the ways in which it reshaped the British political landscape. However, in new empirical research published…