"Unemployment [in Australia] is affected by two factors: increases in the productivity of labour and increases in its supply. Both of these factors could, in principle, be offset by strong economic growth. But, if the economy grows fast enough to accommodate both productivity gains and the addition of migrants to the labour force, it will draw in more imports and the balance of trade will deteriorate. Economic growth of around two per cent per annum may be all that we can sustain without increasing our foreign debt. This level of economic growth is not enough to reduce unemployment in the face of any net immigration (or any growth in labour productivity)." excerpt

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unemployment Australia economics population demography Population Dynamics Unemployment--determinants Developed Countries Commerce Oceania productivity economic development health care manpower labor migration Health Manpower Pacific islands commercial phenomena Article Efficiency migration international migration developed country Demographic Factors Emigration and Immigration Economic Factors Transients and Migrants Human Resources Macroeconomic Factors employment Labor Force