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The emphasis on interest rates and deregulation at least reminds us that what we are dealing with is essentially a financial event. The recession of 1990-91 was dominated by financial failure. In most cases, it was the fall in asset prices that meant that loans could not be repaid, thus transferring the distress to financial institutions.
The participation rate for 15- to 24-year-olds increased by 0.2 points to 70.9% while the unemployment rate for this group decreased by 0.3 points to 8.8%. [105] According to the ABS, in November 2024, the underemployment rate decreased by 0.1 points to 6.1%, while the underutilisation rate (the unemployed plus the under-employed) [ 106 ...
As we saw, under such policies an unemployment rate of 10 per cent was needed to bring wage claims down to their present state, one in which virtually no increases at all are taking place. [ 16 ] The official Australian unemployment rate did fall under the early Accord, reaching a minimum of 6% in 1990, but rapidly increased between 1990 and ...
Unemployment rate: 4.4%. GDP per capita: $53 632. Poverty rate: 11.1%. [43] Low unemployment rate and high GDP are signs of the health of the U.S. economy. But there is almost 18% of people living below the poverty line and the Gini coefficient is quite high. That ranks the United States 9th income inequal in the world. [42]
A variety of pegs to sterling applied until December 1931, when the government set a rate of £1 Australian = 16 shillings sterling (£1·5s Australian = £1 sterling; A£1.25 = £1 sterling). While wool-growing remained at the centre of economic activity, a variety of new goods, such as wheat, dairy and other agriculturally-based produce ...
By the time of the 1996 election, unemployment was at a lower rate than at the previous 1993 election, and interest rates were lower than they had been in 1990, but foreign debt had been growing. [7] The Keating government was projecting a small budget surplus. Following the election, an $8 billion deficit was confirmed. [37]
This is an accepted version of this page This is the latest accepted revision, reviewed on 23 December 2024. American television news program ABC World News Tonight Current version of logo, used since August 9, 2021 Also known as News and Views (1948–1951) After The Deadlines (1951–1952) All-Star News (1952–1953) John Daly and the News (1953–1960) ABC Evening Report (1960–1962) Ron ...
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