“What was pre-pandemic, with what was discussed in the unemployment rate was … basically the rate to get to breakeven where there’s enough employment to start pushing at wages. “Just to highlight what that number was, that was 4.5 per cent and we were a long way off it before the pandemic.
“We weren’t getting there before the pandemic, how are we going to get there in the current market with where we’re at? “That is the number one question I think they need to ask”. Mr Lucas told Sky News targeted stimulus, support for childcares, “sluggish” industries and education would be required to achieve a rate of four per cent. “You’d also be looking at industries around infrastructure which is always a quick boost,” he said.
It's simple. Anyone busy for more than 5min will be classified as 'employed'. Vacuum the house - employed Walked the dog - employed Sat on the dunny and read the paper - employed. Job figures will soar, congratulatory announcements will follow. Economy will still be fucked.
No, no. Getting there was never an option. It's ANNOUNCING getting there that's the point ...