Recent Unemployment Trends (HSC SSCE Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What unemployment rate did Australia reach in 1992-93, the highest since the Great Depression?
What unemployment rate did Australia reach in 1992-93, the highest since the Great Depression?
10.7%
What was Australia's peak unemployment rate during the COVID-19 pandemic in July 2020?
What was Australia's peak unemployment rate during the COVID-19 pandemic in July 2020?
7.4%
By mid-2023, what unemployment rate had Australia achieved, its lowest since 1974?
By mid-2023, what unemployment rate had Australia achieved, its lowest since 1974?
3.5%
What is underemployment?
What is underemployment?
Working fewer hours than desired/available
What percentage of employed Australians worked part-time by 2023?
What percentage of employed Australians worked part-time by 2023?
30%
What was Australia's underemployment rate by mid-2023?
What was Australia's underemployment rate by mid-2023?
6.4%
According to Okun's Law, what must GDP growth exceed to reduce unemployment?
According to Okun's Law, what must GDP growth exceed to reduce unemployment?
Productivity + labour force growth
What is Australia's labour force participation rate projected to fall to by 2062-63?
What is Australia's labour force participation rate projected to fall to by 2062-63?
63.8%
What percentage of Australia's population was aged over 65 in 2021?
What percentage of Australia's population was aged over 65 in 2021?
17.2%
By how much did unemployment rise during the 2008-09 global financial crisis?
By how much did unemployment rise during the 2008-09 global financial crisis?
Almost 2 percentage points