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Exclusive. Top economists back budget push for an unemployment rate beginning with '4'

Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University

MIA Studio/Shutterstock

Australia’s top economists have overwhelmingly backed a decision by Treasurer Josh Frydenberg to reset the budget strategy so that it prioritises achieving an unemployment rate of between 4% and 5% over reducing debt.

Australia hasn’t had an unemployment rate below 5% since 2011.

It hasn’t had an...

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