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The Labour Market during the 2008-2009 Downturn


  • Michael Plumb

    (Reserve Bank of Australia)

  • Mark Baker

    (Reserve Bank of Australia)

  • Gareth Spence

    (Reserve Bank of Australia)


The Australian labour market has performed relatively well over the past two years or so, compared with its performance in the early 1980s and 1990s recessions and in a recent international context. This is partly explained by the milder downturn in economic activity, the earlier strength of the labour market, and greater labour market flexibility than in previous downturns.

Suggested Citation

  • Michael Plumb & Mark Baker & Gareth Spence, 2010. "The Labour Market during the 2008-2009 Downturn," RBA Bulletin, Reserve Bank of Australia, pages 1-6, March.
  • Handle: RePEc:rba:rbabul:mar2010-01

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