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During the 1970’s-1990’s the increase in the rate of unemployment in Australia can be explained through the combination of increasing real wage rates and a slow rate of output growth. The reason behind such prolonged periods of high unemployment was due to our inability to reverse the effects of the sudden unemployment rate shocks fast enough (prolonged recovery periods) which resulted in Australia experiencing high levels of long-term unemployment. In May 1997, 30% of unemployed Australians had been out of work for over a year, this was roughly 240,000 people.
Since the 21st Century however, unemployment rates have decreased significantly and there has been a perceived decline in the natural rate of unemployment. This decline however may be misleading. Studies performed on recovery periods during the 1980’s and 1990’s have shown that although unemployment rates changed at a similar pace, employment growth and labour force participation rate in the 1990’s was much slower...

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Title: Unemployment In Australia And Policies To Reduce It
Approximate word count: 809
Approximate pages: 4 (250 words per double-spaced page)

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1. Unemployment In Australia And Policies To Reduce It
   

   Unemployment In Australia And Policies To Reduce It. During the
   1970’s-1990’s the increase in the rate of unemployment in Australia ...

2. Australia'S Policies: The Effect, Implication For Social Justice ...
   

   ... While the federal government may says its policies aim to reduce unemployment in
   Australia; in reality they simply want to cut taxes to the wealthy and reduce ...

3. Role Of Government In Mixed Economies Such As Australia
   

   ... Australia currently operates under a mixed economic system. ... with our external balance
   and unemployment will not ... Current fiscal policies are aimed at the medium ...

4. Globalisation On Australia
   

   ... the 1980’s, Australia’s trade policies have been ... Since the 1950’s, Australia has
   experienced high ... periods of heavy protection unemployment rates raised ...

5. The Australian Exchange Rate
   

   ... Examples of these policies include enterprise bargaining and ... would decrease foreign
   equity investment in Australia. ... could lead to higher unemployment rates as ...