Australia’s economic recovery puts it well ahead of other wealthy nations. But new jobs data complicates that picture. Bianca Healey (Photo by Mark Graham, NurPhoto)
A new report singles out Australia’s policy approach as the most successful among wealthy nations.
The OECD’s annual employment report found that despite “slow progress in its vaccination campaign,” Australia’s JobKeeper scheme enabled a faster economic recovery than any comparable nation.
“A rapid and substantial initial policy response and strict containment measures have contributed to Australia’s swift labour market recovery,” the report said.
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In its annual Employment Outlook report, released on Wednesday, the Organisation for Economic Co-operation and Development (OECD) said that despite “slow progress in its vaccination campaign,” the country’s economic policies meant its recovery now placed it years ahead of rich-country peers.
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