Opinion

Labor has bolder full employment aspirations

The NAIRU is a useful measure. But it shouldn’t – and doesn’t – limit the government’s ambitions for getting more Australians into work.

Jim ChalmersFederal treasurer

Jul 27, 2023 – 3.04pm

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The recent debate about full employment and how we define it has come at an important and welcome time.

More Australians are in work than ever before and the participation rate is near an all-time high.

Jim Chalmers is the federal treasurer.

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