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The labour market in Australia, 2000-2024

Author

Listed:
  • Kadir Atalay

    (University of Sydney)

  • Garry Barrett

    (University of Sydney)

Abstract

Since 1991 the Australian economy has experienced sustained growth. Aided by the commodities boom and strong public finances, the Australian economy negotiated the global financial crisis without falling into recession. However, the dislocation associated with the Covid-19 pandemic saw the economy enter recession in 2020, before sharply rebounding. Since 2022, unemployment and real weekly earnings have returned to pre-Covid-19 levels but more recently real wages have slipped due to high inflation. Further recent headwinds include a rise in long-term unemployment, deteriorating youth labour market, and a stagnant gender earnings gap.

Suggested Citation

  • Kadir Atalay & Garry Barrett, 2026. "The labour market in Australia, 2000-2024," World of Labour, LISER, pages 443.2-443.2, August.
    • Handle: RePEc:iza:izawol:journl:2023:n:443.v2
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    Keywords

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    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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