Why are the unemployment figures so low?
· 20 min
Episode Why are the unemployment figures so low?
Australia’s unemployment rate is at 4.2% - the lowest in more than a decade. And it’s not too far off slipping below 4%, something that hasn’t happened for half a century.
But who deserves the credit? Economic management during pandemic by the Prime Minister and Reserve Bank governor? Or to quote ACTU Secretary Sally McManus in her tweet, that “the reason why unemployment rates are low is because the borders are closed.”
Senior associates Alex Ballantyne and Will Mackey fact check these assertions on the podcast, using rigorous data evaluation. Hosted by Kat Clay, Head of Digital Communications.
Read the article: https://grattan.edu.au/news/shutting-down-migration-did-not-kickstart-the-economy/
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