In this podcast, Treasurer Jim Chalmers canvasses inflation, migration, the cost of living pressures on households and concerns about China’s economy
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30 years ago, Labor Prime Minister Paul Keating adopted an ambitious official target for Australian unemployment. The Albanese government just passed up a historic opportunity to go even further.
In the white paper, prepared by Treasury, the government commits to full employment, which it defines as “everyone who wants a job being able to find one without searching for too long”
Monday’s white paper will define fuill employment more broadly than in the past as when “everyone who wants a job should be able to find one without searching for too long”.
Australia has never clearly defined what “full employment” means. That’s about to change – and a more ambitious definition could help keep 150,000 or more Australians in work.
Most publicly funded stadium projects are boondoggles. The Hobart AFL stadium is worse than that.
The pandemic has changed economic thinking on how low the unemployment rate can go. We now need a new full employment target.
New Zealand has reached the lowest unemployment rate in decades but low wage workers may still struggle to negotiate an increase in wages.
Philip Lowe is on the cusp of permanently changing Australia. He stands a good chance of being one of the best governors since the first, who ushered in the goal of full employment.
We should ignore out-of-date and failed theories and test what full employment really means in 2018.
The May jobs report showed that US unemployment is at about a 50-year low. That’s not how it feels to many men who’ve never been to college.
The unemployment rate is now at its lowest level in 17 years and is very close to a 50-year low. Does that mean we’re at full employment?
Unlike other age groups, 16- to 24-year-olds haven’t recovered the job losses they suffered during the Great Recession. Spurring investment and growth are key to getting them back to work.
The economy added fewer jobs than expected in May, suggesting a Fed rate hike this month is off the table. What else did we learn from the report?
Today’s employment crisis is as serious as the Great Depression – so why aren’t we up in arms?
The July employment report suggests the recent trend of lackluster gains in jobs and wages is continuing, and a rate hike should therefore be off the table for the time being.
In the lead-up to the federal government’s budget in May, we’ve been told to expect deep cuts in government spending. Such a policy is said to contribute to a short run decline in Australia’s economic…
Kontributor teratas
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Professorial Fellow, University of Canberra
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Associate Professor of Markets, Public Policy and Law, Boston University
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Professor of Management, Co-Director of the MIT Sloan Institute for Work and Employment Research, MIT Sloan School of Management
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Professor of Economics, The University of Melbourne
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Professor of Economics, University of Waikato
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Director of the Center for Human Resource Research, The Ohio State University
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Assistant Professor of Economics, Middlebury
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Lecturer in Film Studies, Keele University
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Professor, School of Economics, The University of Queensland
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Professor of Economics, UNSW Sydney
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Senior Lecturer in Economics, University of Sydney
