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Yesterday, I noted new Goldman research showing that Australia is leading the globe in throwing its youth under the AI job-displacement bus.
Yesterday’s labour force release confirms this trend at the top level and provides some additional insight.
That youth job prospects are dimming fast is not in doubt, as the employment-to-population ratio has declined an impressive 3% since the COVID peak.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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