Youth labour market recovery stalls

The Australian Bureau of Statistics (ABS) yesterday released labour market data for the month of January, which reveals that the youth labour market (i.e Australians aged 15-24) continues to recover at a much slower pace than the broader market.

Australia’s youth unemployment rate was 13.9% in January, the same as December. This compares to an unemployment rate of 5.0% across the rest of the labour market.

Youth jobs fell by 8,100 in January versus a 37,300 increase in jobs across the rest of the labour market, with youth jobs still 89,900 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.