From 1954 to 1972, Australia’s official unemployment rate was under 2% as the economy grew at the most rapid rate in the country’s history. There was one exception, the credit squeeze year of 1961, in which unemployment rose to 2.4%.
New polls show that had an election been held in mid-August, Tony Abbott's federal Coalition would have suffered a 7.5% swing against it. The Prime Minister’s prevarication on marriage equality and the scandal over entitlements are fueling the dissent.