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With youth labour underutilisation running around 30%, driven by high unemployment (12.0%) and underemployment (17.8%):
It’s no surprise that today’s Jobs in Australia, 2011-12 to 2016-17 survey from the ABS shows that one in four people aged under 30 are working multiple jobs:
Head of Labour Statistics at the ABS Bjorn Jarvis said: “Around one in every four employed people under 30 were multiple job holders in 2016-17, and this was highest around the age of 19.”
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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.