An Overview of Labour Market Trends
This post will help you to understand the importance of labour market trends, as part of your Prelim Economics course. Labour market trends are necessary for determining policy uses and forecasting for future labour market improvements. Some important trends include:
- Unemployment and underemployment;
- Casualisation of the workforce;
- Part-time work; and
- Contracting and sub-contracting.
Australia has seen a large number of casual workers emerge in the labour market in recent years. The following videos below look at this issue in more detail.