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The Australian Bureau of Statistics (ABS) yesterday released labour market data for the month of February, which revealed that the youth labour market (i.e Australians aged 15-24) has joined the broader market rebound.
Australia’s youth unemployment rate was 12.9% in February, down from 14.0% in January. This compares to an unemployment rate of 4.5% across the rest of the labour market.
Youth unemployment fell sharply in February 2021.
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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.