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The labor market in Australia, 2000–2016

Garry Barrett

IZA World of Labor, 2018, No 443, 11 pages

Abstract: Since 1991, the Australian economy has experienced sustained economic growth. Aided by the commodities boom and strong public finances, the Australian economy negotiated the global financial crisis without falling into recession. Over this period there were important structural changes, with increasing labor force participation among the elderly and the continuing convergence of employment and unemployment patterns for men and women. However, some recent negative trends include a rise in unemployment, especially long-term unemployment, a deteriorating youth labor market, and a stagnant gender earnings gap.

Keywords: unemployment; real earnings; Australia (search for similar items in EconPapers)
JEL-codes: E24 J21 J30 (search for similar items in EconPapers)
Date: 2018
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