The findings in Tip of the Iceberg: Measuring unemployment in Australia, shows that the national unemployment rate could be three times higher if definitions were updated to include people who are looking for work but currently classed as being 'not in the labour market'. The report challenges the RBA's prevailing narrative about record low unemployment and its insistence that the official jobless rate must rise to 4.5% to tame inflation. Key Findings: The 'shadow pool' of unemployed people who are not being included in the ABS's strict definition of unemployment could be more than three times the official number.

https://www.miragenews.com/true-unemployment-rate-in-australia-concealed-1068353/

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