Abstract
One of the good news stories of the last decade has been that South Australia and the nation avoided being plunged into recession by the Global Financial Crisis (GFC). Early intervention by the Rudd Government played a critical role in helping to sustain confidence in the banking and financial sector and bolster consumer and industry confidence. The Stimulus Package did what it needed to do – fill the investment gap created by the GFC. Without it we would have seen unemployment rise well above eight percent nationally and close to 10 percent here in South Australia.
The problem we face right now is that while employment has been growing in South Australia it has not been fast enough or in the right sectors to help prevent a growing male full-time employment crisis.
The problem we face right now is that while employment has been growing in South Australia it has not been fast enough or in the right sectors to help prevent a growing male full-time employment crisis.
Original language | English |
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Type | Opinion |
Media of output | magazine |
Publisher | The Adelaide Review |
Place of Publication | Adelaide |
Publication status | Published - 20 Oct 2016 |
Keywords
- unemployment
- South Australia
- economy