Youth labour market deteriorating fast

Thursday 17 November 2016

Yesterday’s ABS labour force release for October revealed a further deterioration in labour market outcomes despite a slight improvement in the headline unemployment rate to 12.75% from 12.82% in September (see next chart).

However, as you can see in the next chart, total employment growth for those aged 15-24 years of age has deteriorated sharply recently and turned negative (see next chart).

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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.