Unemployment

An article reports academic officialdom (“economic experts”) as agreeing unemployment should be below 4% - unlike the RBA and Treasury, which want it above 4%. 

I’ll write the RBA and Treasury off as a loss on this topic (too many years advocating for the old orthodoxy to change, I suspect), but I wonder if the figure would be as high if the experts were aware of the reported link between unemployment and suicide? 

I would hope they had enough decency to drop their preferred rate below 3% - noting their argument being it can never be zero as there will always be people in-between jobs. 

Personally, I think it should be in the 1 - 2% range: a lot of the job changes we see now are, I suspect, because people are trying to get to jobs that don’t harm them as much, or are trying to juggle multiple jobs to survive or have been given the heave-ho - the changes recommended in the second article would, in my opinion, make staying in jobs more viable.

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