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/ShutterstockAustralia’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...
