Young Australians are under pressure as they grapple with the dual threat of rising underemployment as well as stubbornly high unemployment, a report released yesterday by the Brotherhood of St Laurence finds.
Australia's youth underemployment rate, where people have some work but want more hours, has surged to 18 per cent- the highest it's been in 40 years.
That rate is even higher than the youth unemployment rate for 15-24 year-olds in the labour force of 13.5 per cent, which has been persistently high since the 2008 global financial crisis.
Today, almost a third of Australia's youth labour force are unemployed or underemployed, according to the new data analysis by the national welfare group the Brotherhood of Laurence as part of its youth employment campaign. In total, more than 650,000 young people were unemployed or underemployed in February 2017, according to the "Generation stalled: young, underemployed and living precariously in Australia" report.
To read the report, click here
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