Youth underemployment hits record high

Thursday 17 March 2016

The housing bubble-induced recovery in the nation’s labour market continues continues to lower youth unemployment, with the trend unemployment rate for those aged 15 to 24 years old falling for the 16th consecutive month to 12.2%, versus 4.5% 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.