After 50 years, we’re back to the glory days of full employment

Australia’s Soft Landing Spurs Debate Over Policy in Next Crisis

Through the post-Covid cost-of-living crisis, Australia’s central bank took a gentler approach than global peers to reining in inflation, managing to keep the economy close to full employment throughout — a rare feat that’s sparked debate about its viability as a model to tackle future crises.

After 50 years, we’re back to the glory days of full employment

One factor explains why Labor won the recent election so convincingly despite a cost-of-living crisis.