Yesterday’s ABS labour force release for August 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 2.0% to 14.3%, although it remains nearly three times higher than the rest of the labour market (5.4%):
Of more interest, youth jobs rebounded by 33,700 versus a 77,300 increase across the rest of the labour market; although youth jobs are still 151,800 below their March pre-COVID level:
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