Vital Signs: we'll never cut unemployment to 0%, but less than 4% should be our goal
- Written by Richard Holden, Professor of Economics, UNSW
ShutterstockOne of the most concerning things that happens in any recession is the spike in unemployment. The COVID-19-induced recession in Australia and around the world is no exception – other than perhaps the magnitudes involved.
Being out of work is distressing, even in advanced economies with a social safety net (like Australia). Welfare...
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