Business
Reserve Bank and Treasury admit ‘full employment’ is not what they thought it was. And it’s held the country back – ABC News
Treasurer Josh Frydenberg wants the unemployment rate to fall below 5 per cent, but one economist says that still won’t be enough, writes Gareth Hutchens.
When a glacier shifts a few inches, a gigantic movement has still occurred.
What we’ve seen from Australia’s economic officials in recent months is an admission that their analytical models have been letting the country down.
Both the Reserve Bank and Treasury have admitted what they thought was “full employment” in Australia was not, in fact, full employment.
That means the federal government’s Budget strategy has also been based on numbers that haven’t been correct.
The unemployment rate could…
-
Noosa News23 hours agoPill checking to resume in Queensland months after government axed funding
-
Noosa News21 hours agoQueensland girl Millie’s fight for life after magnets tore through her bowel
-
Noosa News11 hours agoSee inside the hidden suburbs where Queensland investors really live
-
General23 hours agoSocial cohesion fears with weekend rallies set to clash