Unemployment in Australia is under 5%! Yet more evidence fiscal stimulus works | Greg Jericho

With even the private sector back to where it was before Covid, it should be obvious to all: governments do create jobs

Before we go any further, let’s just note that an unemployment rate below 5% is a stunning achievement.

The unemployment rate is never the only number that matters, but to go through a pandemic that has smashed businesses, and which still sees us prevented from travelling not just overseas but across state borders, and be in a position where the unemployment rate is not only lower than it was before the pandemic but than any time in the past decade is astonishing.

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from The Guardian https://ift.tt/3BcTuwL
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