Economic indicators
Discussion paper
The tip of the iceberg: measuring unemployment in Australia
The Reserve Bank of Australia’s decisions on interest rate increases rely on the concept of balancing inflation and unemployment. The authors of this paper argue that the official unemployment rate is based on strict and outdated definitions, and significantly underestimates the actual number of Australians looking for work.
Briefing paper
The performance of the Australian labour market
This paper examines the performance of Australia’s labour market to inform an assessment of whether the Australian Government’s program of industrial relations changes is appropriately targeted; whether it has correctly identified genuine weaknesses and strengths; and whether it will put Australia in a better position to meet what the government itself acknowledges are very substantial...
Report
Measuring what matters: Australia’s first wellbeing framework
This statement is the first iteration of Australia's national wellbeing framework. The framework aims to help the Australian government to better understand what matters most to Australians — to build a healthy, secure, sustainable, cohesive and prosperous Australia for everyone. The framework has been developed through extensive research and consultation to identify the best available...
Report
Trading up: international trade futures and the Western Australian economy
This report examines the benefits, opportunities and challenges that exist for the Western Australian economy, in relation to trade and investment. The report also explores the scale and scope of these challenges, and highlights the opportunities for future economic prosperity.
Report
A critical assessment of GDP as a measure of economic performance and social progress
Gross domestic product (GDP) was never intended to be a measure of wellbeing or progress. Thousands of papers, articles, books and speeches have been written on the failings of GDP - yet it has continued as the primary metric of progress and economic wellbeing around the world. This report examines the failings of GDP as...