The misery business: why economists should cheer up about low unemployment

Record numbers of Australians are employed – that’s a great thing, despite what the interest rate doomers are telling you, says Greg Jericho.
On this episode of Dollars & Sense, Greg and Elinor discuss the Coalition’s new housing policy, the surveillance of workers and the latest unemployment data.
Greg Jericho is Chief Economist at the Australia Institute and the Centre for Future Work and popular columnist of Grogonomics with Guardian Australia. Each week on Dollars & Sense, Greg dives into the latest economic figures to explain what they can tell us about what’s happening in the economy, how it will impact you and where things are headed.
Host: Greg Jericho, Chief Economist, the Australia Institute and Centre for Future Work // @GrogsGamut
Host: Elinor Johnston-Leek, Senior Content Producer, the Australia Institute // @ElinorJ_L
Show notes:
‘Australia’s unemployment figures are a reason for joy – even if it means waiting for the next interest rate cut’ by Greg Jericho, Guardian Australia (October 2024)
‘‘Stop all time wasting’: Woolworths workers tracked and timed under new efficiency crackdown’ by Ariel Bogle, Guardian Australia (October 2024)
No Blood – No Job: Australia’s privacy laws and workers’ rights by Lisa Heap, the Centre for Future Work (August 2024)
Theme music: Blue Dot Sessions
We’d love to hear your feedback on this series, so send in your questions, comments or suggestions for future episodes to podcasts@australiainstitute.org.au.
Between the Lines Newsletter
The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight.
You might also like
BREAKING: Australia’s housing market still cooked
Even the Mathias Cormann-led OECD says the capital gains tax discount and negative gearing are a problem.
Are record property prices on the way (again)?
On the back of ongoing tax concessions primarily benefitting the wealthiest and the government’s five per cent deposit scheme for first home buyers, Australia has just broken a new record for average home loan size.
It’s time to tax gas properly
Until a 25% gas export tax is put in place, Australians are missing out on billions every year that could be used to support people through the living standards crisis.
