Since the early 1990s, total employment has grown steadily and labour market conditions have progressively tightened. Most recently the unemployment rate has declined to a generational low and the participation rate has increased significantly. This paper outlines several characteristics of the employment growth during this period, and discusses the corresponding decline in nemployment and increase in the labour force participation rate.
|Number of pages||7|
|Journal||Reserve Bank of Australia. Bulletin|
|Publication status||Published - Sep 2007|