The federal government has released its Employment White Paper after a year-long consultation that will pave the way for future jobs and skills in Australia, while the ASX has finished higher at the close of trade.
By Kate Ainsworthsays redefining "full employment" comes down to a "couple of considerations".
"There is a really important, necessary but essentially narrow and technical definition of full employment than not only exhilarating inflation rate of unemployment but distinct from that and complementary to that, it's the government's objective, which is a good, secure, fairly paid job for everyone who wants one without having to look for too long.
He says broadening the scope of what defines "full employment" has benefits for both the short and long-term.
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