Minister for Employment Michaelia Cash. (Image: AAP/Mick Tsikas)

One area where the Coalition is fully entitled to economic bragging rights is participation.

When it came to office in 2013, it had every right to expect labour participation to continue falling: it had peaked at 65.8% in 2011 and had been declining ever since.

Given the ageing of the population and predictions that baby boomers would begin entering retirement, further falls were likely.