The labour market in Australia, 2000-2024

Kadir Atalay and Garry Barrett
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Kadir Atalay: University of Sydney
Garry Barrett: University of Sydney

World of Labour, 2026, No 443.v2, 443.v2

Abstract: Since 1991 the Australian economy has experienced sustained growth. Aided by the commodities boom and strong public finances, the Australian economy negotiated the global financial crisis without falling into recession. However, the dislocation associated with the Covid-19 pandemic saw the economy enter recession in 2020, before sharply rebounding. Since 2022, unemployment and real weekly earnings have returned to pre-Covid-19 levels but more recently real wages have slipped due to high inflation. Further recent headwinds include a rise in long-term unemployment, deteriorating youth labour 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: 2026
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