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...riod. After a period of strong growth Australian economy started to slow down as average employment rate rose to 7.4% in 1991, giving a hint that a possible recession is on the way. There was a sharp increase in the average unemployment rate from 1991 to 1993.The recession at the beginning of 1990 led to a big jump in the unemployment rate in a short period of time. In trend terms the unemployment rate peaked at the average range of 10.7% to 11% in 1993. This suggested that Australia was in recession, as well as other powerful global economies at that period. The recession was followed by a slower but steady reduction in unemployment in the remaining years of 1990s. From late1994 the trend in unemployment rate gradually declined, suggesting that economic growth was picking up and there was a strong employment market. Since then it has generally fallen to stand at an average of 5.1% in 2004. From 1995 to 2004, there was an extended period of recovery in the economy. TRENDS IN UNEMPLOYMENT R...