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Beyond the unemployment rate: three new measures of labour under utilisation for South Australia

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  • Barrett, S

Abstract

"The official Australian unemployment rate is presently about five per cent and set to fall further. In South Australia the unemployment rate is somewhat higher, a little over six per cent. Nevertheless, it is the lowest that it has been in a generation. However, this paper reevaluates the experiences of the South Australian labour market over the course of the last business cycle, using three new measures of labour under-utilisation. These new labour market indicators are calculated using data obtained from the monthly Labour Force Survey. The paper argues that the official unemployment rate greatly under-estimates the level of labour under-utilisation in South Australia. The real level of labour under-utilisation in South Australia has fallen little since the trough of the last recession was attained in 1993. This under-estimation of the extent of labour under-utilisation in South Australia has serious implications for industry and employment policy in South Australia."

Suggested Citation

  • Barrett, S, 2004. "Beyond the unemployment rate: three new measures of labour under utilisation for South Australia," Australian Bulletin of Labour, National Institute of Labour Studies, vol. 30(1), pages 46-63.
    • Handle: RePEc:fli:journl:27752
    Note: Barrett, S., 2004. Beyond the unemployment rate: three new measures of labour under utilisation for South Australia. Australian Bulletin of Labour, Vol. 30 No. 1, pp. 46-63
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    File URL: http://hdl.handle.net/2328/27752
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