Yesterday’s soggy labour force data for January revealed even more bad news for Australia’s youth, with unemployment for those aged 15 to 24 years old rising to 14.0% in trend terms (from December’s 13.9%) – the highest youth unemployment rate since October 1998 (see next chart).
The internals were marginally better, however, with total employment growth for those aged 15-24 years of age climbing into positive territory, up 0.2% year-on-year, with most of this improvement full-time (see next chart).
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