Yesterday’s soggy labour force data for November revealed even more bad news for Australia’s youth, with unemployment for those aged 15 to 24 years old rising to 14.1% in trend terms (from October’s revised 14.0%) – the highest youth unemployment rate since September 1998.
As you can see in the next chart, total employment growth for those aged 15-24 years of age has been more or less negative since the Global Financial Crisis (GFC), whilst the rest of the labour force has experienced positive growth (see next chart).
