Avoiding recessions and Australian long-term unemployment
While the unemployment rate has fallen significantly in the last several years, it is still around 7 per cent at the beginning of 2000 and remains very high relative to the experience from 1950 to the mid-1970s. Nearly 200,000 of today’s unemployed have been in that state for 12 months or more, and this group is known as the long-term unemployed (LTU). The duration of unemployment is a fundamental issue for policy and reduction in the numbers of those experiencing long term unemployment is a...[Show more]
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