Immigration collapse saves young Aussies from mass unemployment

Thursday 19 August 2021

Yesterday’s employment report from the Australian Bureau of Statistics (ABS) revealed that Australia’s youth – defined as those aged 16 to 24 – continue to benefit immensely from the closure of Australia’s international border to immigration.

While overall youth employment is still yet to return to its pre-COVID level, with total jobs still down 9,700 from their pre-COVID peak and full-time jobs down 41,900:

Youth employment yet to recover from 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.