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The casualisation of the workforce refers to : the trend of decreased full-time work and increased part- time and casual work
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The labour underutilisation rate refers to :: the sum of the unemployment and underemployment
1990s
- unemployment rate peaked in ==early 1990s at 10.7%==
- caused by Australia’s severe 90s recession
2010s
- unemployment rate was at 5% in 2010
- this was following the end of the GFC, and beginning of the mining boom
2020s (covid)
- Unemployment peaked at 7.4% during early COVID
2023-
- Unemployment rate reached 3.5% in 2023
- the lowest since 1974