Jobspocalypse as 5.5 people compete for each entry-level role

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Anglicare has released a report which shows that there are 5.5 people competing for every entry-level job position. From The Guardian:

Australia’s most disadvantaged jobseekers are forced to compete against growing numbers of underemployed people for a dwindling number of suitable jobs, a report has found…

Anglicare’s Annual Jobs Availability Snapshot, released on Wednesday, found there were 5.49 people competing for each entry-level job…

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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.