Youth unemployment hits 2.5 year low

Thursday 18 February 2016

The housing bubble-induced recovery in the nation’s labour market continues to do wonders for Australia’s youth unemployed, with the trend unemployment rate for those aged 15 to 24 years old falling for the 15th consecutive month to 12.2%, versus 4.6% unemployment for the rest of the labour market (see next chart).

Youth unemployment is at its lowest level since July 2013.

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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.