Unemployment exists for those people who are part of the labour force and are therefore able and willing to work at the existing wage level, yet are unable to find a paying job. Unemployment refers to the proportion of people in the working population who are unemployed, in other words it simply refers to those people who are out of work. In Australia the most accurate statistics of unemployment are those compiled by the Australian …
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showed last 75 words of 1546 total
…dividing the amount of unemployed people by the by the total civilian labor force. The unemployment issues in Australia are countless, yet they are not without solution. The challenge ahead for the government will be to continue to improve participation levels of the working age population working or looking for work. Bibliography DIXON, Tim; O'MAHONY, John. The Market Economy, 2005 Edition. Leading Edge Education, 2004. McTAGGART, Douglas; FINDLAY, Christopher; PARKIN, Michael. Economics, Fourth Edition. Pearson Education Australia, 2003.