Yesterday’s improved labour force data for March revealed slightly better news for Australia’s youth, with unemployment for those aged 15 to 24 years old falling to 13.7% – down 0.2% from the 17-year high of 13.9% recorded in October 2014. Unemployment for the rest of the labour market also declined to 4.6% (see next chart).
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).
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