What Is Unemployment In Australia

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Unemployment is one of the most serious issues that industrialised countries are facing nowadays. It is indeed an indisputable situation that unemployment rates are continuously increasing. Australian Bureau of Statistics expressed unemployment as the “Person rates of labour underutilisation underestimate the true level of labour underutilisation in Australia”(Australian Bureau of Statistics 2012d; 3). It is a situation where an individual is actively searching for job but unable to get for a period of time. Since the mid-1970s Australia’s has experienced its longest period of persistently high unemployment in its history (Mitchell, 1996). Unemployment rate is an important indicator of economy’s status. ABS is responsible for measuring unemployment
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