: National Bureau of Economic Research, August). 13  See Jesse Rothstein (2012), “The Labor Market Four Years into the Crisis: Assessing Structural Explanations”, Industrial and Labor Relations Review, vol. 65 (July), pp. 467–500.
The unemployment rate is lower than it was a year ago, although there has been little change for the past six months. Growth in consumer spending has been solid, although it is lower than it was before the financial crisis. Here in South Australia, we heard how the pulse has also quickened over the past year.