The Labour Market during the 2008-2009 Downturn

Michael Plumb, Mark Baker and Gareth Spence
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Michael Plumb: Reserve Bank of Australia
Mark Baker: Reserve Bank of Australia
Gareth Spence: Reserve Bank of Australia

RBA Bulletin (Print copy discontinued), 2010, 1-6

Abstract: The Australian labour market has performed relatively well over the past two years or so, compared with its performance in the early 1980s and 1990s recessions and in a recent international context. This is partly explained by the milder downturn in economic activity, the earlier strength of the labour market, and greater labour market flexibility than in previous downturns.

Keywords: Australia; labour market; unemployment; underutilisation; participation (search for similar items in EconPapers)
Date: 2010
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