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Yesterday’s employment report from the Australian Bureau of Statistics (ABS) revealed that the number of jobs across the Australian economy has fully recovered from COVID, rising 0.6% in the year to March:
Australian jobs have fully recovered their COVID losses.
Superficially, Australia’s youth – defined as those aged 16 to 24 – have largely missed the recovery, with the number of youth jobs still down 2.0% (39,700 jobs) on March 2020 – versus jobs growth of 1.0% (114,000) across the rest of the labour market:
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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.