The Australian Labour Market in 2007

Martin O'Brien (), Abbas Valadkhani and Keith Townsend
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Martin O'Brien: University of Wollongong, http://business.uow.edu.au/econ/who/UOW010545.html
Keith Townsend: Griffith University

Economics Working Papers from School of Economics, University of Wollongong, NSW, Australia

Abstract: Both global and domestic economic growth remained robust in 2007 resulting in historically low unemployment and high labour force participation in Australia. However, these favourable labour force statistics were overshadowed for much of the year by a number of other issues such as the continuing drought, high oil and petrol prices and associated inflation and interest rate pressures, a November federal election, and the first full year of the operation of the Work Choices legislation. This article will address each of these issues by presenting an analysis of the macroeconomy and labour market, and reviewing the labour market implications of the Work Choices legislation in Australia.

Keywords: economic performance; industrial relations legislation; labour market; Work Choices (search for similar items in EconPapers)
Pages: 28 pages
Date: 2008
New Economics Papers: this item is included in nep-lab
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