Long-term unemployment balloons

Monday 27 July 2015

From The Guardian today comes new figures showing that long-term unemployment has ballooned by 10% over the past year, with 69% of people on Newstart having been on the payment for more than 12 months:

Acoss CEO Cassandra Goldie said Australians should be alarmed by the figures…

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.