The Australian government argued that they have created 1332,000 jobs after the pandemic, and the unemployment rate
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Question:
The Australian government argued that they have created 1332,000 jobs after the pandemic, and the unemployment rate rose 0.5%, although recent economic growth is pulling previously disengaged workers back into the labour force.
1.Explain how the new jobs change the labour force and the unemployment rate in Australia. 2.Explain why workers returning to the labour force raises the unemployment rate in Australia and why by more than new jobs lower it.
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