Australia shifts focus to sustained, inclusive full employment in new economic policy
Fox News
Australia is set to unveil a new economic policy that prioritizes sustained and inclusive full employment, marking a strategic move to build upon its robust labor market.
It will also include initiative and policy directions to tackle underutilisation in the labour market, after the paper found that millions of Australians face big barriers to employment despite wanting to work more.
"Today our unemployment rate is around historic lows and the participation rate is near record highs," Treasurer Jim Chalmers said in a statement accompanying excerpts of the paper.
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