Unemployment gets out of control
THE STORY SO FAR
The Covid-19 pandemic has not just impacted our health. It has changed the way we live and generated a seismic shift in world economies – a bit like stepping through Alice’s looking glass.
Until March, Australia’s main employment problem seemed to be getting the unemployment rate under 5%. In February, the last month of the “old normal”, it came in at 5.1%, where it had been holding steady for the past three months.
Within weeks, the world had changed and predictions were rife that it would
