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Flat White

The illusion of ‘full employment’

4 July 2022

10:00 AM

4 July 2022

10:00 AM

There has been much rejoicing over falling unemployment – something undoubtedly better for the government with fewer welfare payments and more tax receipts.

Pre-Covid, a figure of around 5.5-6 per cent (as below) was considered the norm for this country. With lockdowns and restrictions, this temporarily rose as high as 7.5

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