Beyond the unemployment rate: three new measures of labour under utilisation for South Australia

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Date
2004
Authors
Barrett, S
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Publisher
National Institute of Labour Studies
Abstract
"The official Australian unemployment rate is presently about five per cent and set to fall further. In South Australia the unemployment rate is somewhat higher, a little over six per cent. Nevertheless, it is the lowest that it has been in a generation. However, this paper reevaluates the experiences of the South Australian labour market over the course of the last business cycle, using three new measures of labour under-utilisation. These new labour market indicators are calculated using data obtained from the monthly Labour Force Survey. The paper argues that the official unemployment rate greatly under-estimates the level of labour under-utilisation in South Australia. The real level of labour under-utilisation in South Australia has fallen little since the trough of the last recession was attained in 1993. This under-estimation of the extent of labour under-utilisation in South Australia has serious implications for industry and employment policy in South Australia."
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Citation
Barrett, S., 2004. Beyond the unemployment rate: three new measures of labour under utilisation for South Australia. Australian Bulletin of Labour, Vol. 30 No. 1, pp. 46-63