Labor leader Anthony Albanese has promised to chart a path to full employment if he wins the next election, spruiking hopes of a post-pandemic jobs boom.
Mr Albanese on Friday committed to commissioning a full employment white paper with input from government, industry and union experts.
In a speech to the National Press Club in Canberra, Mr Albanese signalled a shift away from focusing on the headline unemployment rate.
He argued the raw number masked a tough reality for the 1.7 million Australians looking for work or more hours with an estimated four million people in insecure jobs.
"Full employment is about secure work, which will assist those currently in work through driving up wages," Mr Albanese said.
"It will cut the gender pay gap and narrow the chasms that divide Indigenous and non-indigenous Australians."
The report will devise a plan to drive down unemployment and underemployment, while hunting for solutions to reduce insecure work.
Labor's plan would focus on growth of renewable energy jobs and the expansion of the aged care, child care and disability care sectors.
The white paper would also focus on job opportunities for people receiving the disability pension.
It mirrors war-time Labor prime minister John Curtin's move to commission a similar paper led by HC "Nugget" Coombs.
"This set up a boom which spanned two decades during which Australia's previously double-digit unemployment rate sat around about two per cent," Mr Albanese said.
"The white paper was progressive. It welcomed technological changes that would boost productivity, rejected the idea of make-work jobs, and talked about the importance of work for dignity."
The latest unemployment figures showed the jobless rate dropped sharply to 5.1 per cent, with 115,200 people joining the workforce in May.
Treasurer Josh Frydenberg said last month the numbers had smashed market expectations with unemployment falling for a seventh consecutive month.
Mr Albanese also pledged to stop "hollowing out" the public sector through outsourcing.
He said essential services including critical infrastructure ownership like the Port of Darwin should stay in government hands.
"What a white paper needs to do, though, is to recognise at the same time that, overwhelmingly, it's about how we drive our private sector investment," he said.
He said confidence in shaping the future provided the country with enormous opportunity.
"One of the problems with this government isn't that it's stuck in the past - it wants everyone to go back there and keep it company."