01858cas a2200241 a 4500 AALejournalIMF017416 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475575842 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Asia and Pacific Dept. Australia : Selected Issues. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (104 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper examines the adjustment of Australian labor markets to the recent adverse shocks. Australia's labor markets were not severely impacted by the global financial crisis and are adjusting smoothly to the sizeable commodity prices bust and mining investment downturn. However, some labor market indicators suggest persistent weaknesses. There does not appear to be a significant increase in structural employment in the wake of the commodity prices bust and mining investment decline. Increased flexibility in average hours per worker has likely moderated employment reduction in downturns and prevented a larger increase in unemployment in the wake of the mining investment downturn. At the same time, elevated underemployment signals additional slack, and is likely weighing down wage growth. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/043 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/043/002.2017.issue-043-en.xml IMF e-Library