Australia’s youth hardest hit by jobs collapse

Friday, 17 July 2020

Yesterday’s ABS labour force release for June was another unmitigated disaster for Australia’s youth – i.e. those aged 15 to 24 years old.

The headline youth unemployment rate rose further to 16.4%, almost three times the rest of the labour market (5.8%):

The impact has been partially hidden by a sharp 4.8% decline in the participation rate since May; although the participation rate did rebound in July:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.