The Australian Labour Force figures for February 2015 were published this morning.
The Youth Unemployment rate [trend] for 15-19 year olds has increased to 20.1%, the highest since June 1997.
Unemployment rates for 15-24 year olds has remained steady at 13.9%, still the highest figure since October 1998.
There’s nothing like progress… and that’s nothing like progress.
Perhaps most disturbing is the youth employment-to-population ratio.
In 2014 Ken Henry said:
I believe there is a special case for taking an interest in youth unemployment. It is concerning that more than one-third of the unemployed people in Australia are aged 15 to 24.
As Secretary of the Australian Treasury in 2009, he also made a pretty good argument for re-thinking the boundaries of inequity…
How much is enough?
- How much inequity should we allow? – Ken Henry 2009
- Why Rising youth unemployment demands our attention – The Conversation 2014 – Ken Henry