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Treasurer Paul Keating budgeted a record $9.1 billion surplus for 1989–90, and Labor won the 1990 election, aided by the support of environmentalists. To court the green vote, environment minister Graham Richardson had placed restrictions on mining (notably uranium mining [5]) and logging which had a detrimental effect on already rising unemployment.
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 ...
Both recessions had high unemployment after the recessionary period had officially ended with unemployment rates of 12% and 11.4%, in 1983 and 1993, respectively. [20] Other sources describe the early 1990s recession as "the deepest in Canada since the Great Depression of the 1930s" naming it "the Great Canadian Slump of 1990–92." [21]
Unemployment rate (2021) [1] This is a list of countries by unemployment rate.Methods of calculation and presentation of unemployment rate vary from country to country. Some countries count insured unemployed only, some count those in receipt of welfare benefit only, some count the disabled and other permanently unemployable people, some countries count those who choose (and are financially ...
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]
30 March – First day of the Australian Track & Field Championships for the 1989–1990 season, which are held at the Olympic Park in Melbourne. The men's 10,000 metres event was conducted at Canberra on 24 February 1990. 22 May – New South Wales (13.8.86) upsets Victoria (10.16.76) in a State of Origin match at the SCG.
This is a list of OECD countries by long-term unemployment rate published by the OECD. ... Long-term unemployment rate (2022) [1] Australia: 0.91%: 1.32% 1.00%
July 2009 Australian unemployment rate: 5.8% [28] August 2009 Australian unemployment rate: 5.8% [29] September 2009 Australian unemployment rate: 5.7% [30] October 2009 Australian unemployment rate: 5.8% [31] The unemployment rate for October rose slightly due to population growth and other factors leading to 35,000 people looking for work ...