Negative immigration slashes youth unemployment to 12 year low

Friday 21 May 2021

Yesterday’s employment report from the Australian Bureau of Statistics (ABS) revealed that Australia’s youth – defined as those aged 16 to 24 – are benefitting big time from the closure of Australia’s international border.

While overall youth employment is yet to return to its pre-COVID level, with total jobs still down 16,500 from their pre-COVID peak with full-time jobs down 29,300:

Youth jobs are yet to recover to their 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.