Bulletin – March 2010 The Labour Market during the 2008–2009 Downturn Abstract
The Australian labour market has performed relatively well over the past two years or so, compared with its performance in the early 1980s and 1990s recessions and in a recent international context. This is partly explained by the milder downturn in economic activity, the earlier strength of the labour market, and greater labour market flexibility than in previous downturns.