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Why unemployment is set to stay below 5% for years to come

  • Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
Why unemployment is set to stay below 5% for years to comeShutterstock

Unfathomably, Australia’s unemployment rate has sunk to 3.5%. Even harder to believe is that it will soon sink lower – perhaps even this week, when the update is released on Thursday – and after that, if the ANZ’s forecasts are correct, dip below the next threshold to two-point-something for the first time since...

Read more: Why unemployment is set to stay below 5% for years to come

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