(Episode 264: 9 minutes 33) Last week the ABS released the unemployment statistics, showing a smaller than expected increase to 5.7%. It’s another indicator that the Australian economy is faring better than most other OECD countries.
Yet many people out of work are not included in the statistics. David Richardson, a senior research fellow at The Australia Institute, calls these people the hidden unemployed. So how many of them are there and what is the real unemployment statistic?
What are your thoughts on how we measure unemployment. Add comments in the Talkback section at the end of this post.
Subscribe to BTalk Australia on iTunes.
