Youth labour market still way oversupplied

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By Leith van Onselen

Yesterday’s ABS labour force release for November revealed a softening Australian youth labour market – i.e. those aged 15 to 24 years old – with both full-time and part-time jobs growth weakening.

The trend headline unemployment rate rose to 11.42% in November from 11.34% in October:

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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.