Youth labour market smashed by lockdowns

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Yesterday’s employment report from the Australian Bureau of Statistics (ABS) revealed that Australia’s youth – defined as those aged 16 to 24 – have been hit hard by lockdowns.

Total youth jobs fell 75,400 in August, driven by an 80,000 reduction in part-time jobs, partly offset by a 4,500 increase in full-time jobs.

Accordingly, youth jobs are down 81,400 from their pre-COVID peak with full-time jobs down 34,000 and part-time jobs down 47,400:

Youth jobs

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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.