What we missed while we looked away -- the growth of long‐term unemployment
- Written by Jeff Borland, Professor of Economics, University of Melbourne
The long-term unemployed are a growing proportion of the unemployed. It's hard to work out why.ShutterstockAustralia took its eyes off long-term unemployment, for what it thought were good reasons.
Long-term unemployment is defined as unemployment for more than 12 months in a row.
In the early 1990s, after the “recession we had to have”,...
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