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Unemployment below 3% is possible for the first time in 50 years – if Australia budgets for it

  • Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
Unemployment below 3% is possible for the first time in 50 years – if Australia budgets for itThe Morrison government could achieve unemployment rates once seen under Australia's longest-serving Prime Minister Robert Menzies.National Library of Australia

What’s the boldest thing the Morrison government could do in next month’s budget?

It would be to forecast an unemployment rate below 4% (a rate of three-point-something), then to...

Read more: Unemployment below 3% is possible for the first time in 50 years – if Australia budgets for it

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