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The Conversation
The Conversation
Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University

We can and should keep unemployment below 4%, says our survey of top economists

Unemployment Reserve Bank Australia Inflation NAIRU
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Australia’s leading economists believe Australia can sustain an unemployment rate as low as 3.75% – much lower than the latest Reserve Bank estimate of 4.25% and the Treasury’s latest estimate of 4.5%.

This finding, in an Economic Society of Australia poll of 51 leading economists selected by their peers, comes ahead of next month’s release of a government employment white paper, and an expected direction from Treasurer Jim Chalmers that the Reserve Bank quantify its official employment target.

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