Australia’s youth slaughtered by jobs collapse

Friday, 19 June 2020

Yesterday’s ABS labour force release for May was an unmitigated disaster for Australia’s youth – i.e. those aged 15 to 24 years old.

The headline youth unemployment rate surged 2.0% to 16.1%:

The impact was partially hidden by a sharp 2.6% decline in the participation rate to 59.9%:

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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.