www.abs.gov.au/statistics/labour/…/sep-2023
Australian Beauro of Statistics lists half a million Aussies are currently “Unemployed”.
Note in this context, “unemployed” doesn’t mean “not working”. It means half a million are currently “not working and actively searching for a job”.
The ABS doesn’t track it, but less reliable sources estimate about twice that many people are “Underemployed” which means the job they have doesn’t give them enough hours. For example maybe you’ve got a job delivering pizza for five hours on Friday and Saturday - the ABS would classify you as “Employed” even though you’re only earning $300 per week.
___@lemm.ee 1 year ago
No offense, but if you have to ask this question, it’s not worth arguing with you. If you’re genuinely curious, look up what an equilibrium quantity is in supply/demand economics.