The US central bank is aiming for its soft landing that avoids recession, but the data and competing policy choices will make it difficult.
Articles on long-term unemployment
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With stricter conditionality and sanctions, the new plan looks set to limit people’s access to benefits more than it improves their hopes of getting a job
While it is well known that under-25s are most likely to bear the brunt of job losses when furlough ends, older workers are vulnerable too.
Governments use a variety of labor market policies to support workers who lose their jobs – each with a different impact on a country’s well-being.
A high unemployment rate isn’t just bad for individuals without a job, and the costs aren’t just financial.
It’ll direct money to employers who actually create jobs.
Australia has tried it before, in the 1990s. The proportion of participants eventually getting unsubsidised jobs was low.
Young Australians, particularly young unskilled Australians, will scared by what’s about to happen for a decade or more.
We’ve 41,000 more long-term unemployed than would be expected given the unemployment rate. Something has changed.
Top contributors
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Professor of Economics, The University of Melbourne
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Adjunct Senior Lecturer, UNSW
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Senior Researcher, National Institute for Statistics and Economic Studies
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Research Economist, Pensions and Public Finance, Institute for Fiscal Studies
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Scientia Professor of Economics, UNSW
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Assistant Professor of Social Sciences, Minerva University
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Associate Professor of Economics, Gonzaga University
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Professor of Regional Economic Development and Policy, Keele University