Why Australia should lock in full employment

Two years on from the start of the pandemic, Australia’s unemployment rate is now at a near 50-year low of just 4 per cent. The share of under-employed Australians – those in work but who want more hours – is at its lowest level in more than a decade. But what is full employment? Who benefits most when unemployment is low? And what lessons should we learn from our rapid economic recovery from the pandemic? Kat Clay, Head of Digital Communications, discusses the latest Grattan report, No one left behind: why Australia should lock in full employment, with Brendan Coates, Economic Policy Program Director, and Alex Ballantyne, Senior Associate. Read the report: https://grattan.edu.au/report/no-one-left-behind-why-australia-should-lock-in-full-employment/