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Yesterday’s ABS labour force release for July revealed that Australia’s youth – i.e. those aged 15 to 24 years old – led the nation’s jobs rebound.
The headline youth unemployment rate fell slightly to 16.3%, although it remained nearly three times higher than the rest of the labour market (5.8%):
Of more interest, youth jobs rebounded by 67,100 versus a 47,700 increase across the rest of the labour market; although youth jobs are still 187,700 below their March pre-COVID level:
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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.