MORE YOUNG AUSTRALIANS UNEMPLOYED FOR LONGER
03 May 2018
The latest Department of Jobs and Small Business “Australian Jobs 2018” report is yet another reminder that youth unemployment and underemployment are stubbornly high.
At 12.5 per cent, according to the latest Australian Bureau of Statistics data, youth unemployment is more than double the national unemployment rate average and Malcolm Turnbull and his Liberals have no plan to arrest this high rate.
The report says, “many young people are continuing to encounter difficulties when trying to secure work, and are facing longer spells of unemployment, with the burden of long-term unemployment being disproportionately felt by youth.”
Of particular concern, the rate of long term unemployed young people has jumped from 22.6 per cent in 2008 to 26.6 per cent in 2018.
The report points to the industries young workers are most likely to be employed in, as retail, food services and accommodation – the very industries affected by the Turnbull Governments support of cuts to penalty rates.
The “Australian Jobs 2018” paper follows on from the recently released report by the Brotherhood of St Laurence, which also points to the issue of youth unemployment, saying “more than one third of all unemployed people in Australia are aged 15-24.”
Despite these concerning figures, the government’s only plan to help young people is to pursue its exploitative youth jobs PaTH program.
Under Malcolm Turnbull and his Liberals, young Australians are suffering with insecure work, stagnant wages and skyrocketing cost of living pressures.
Turnbull and his Liberals have failed to acknowledge these challenges, let alone come up with any policy initiatives to deal with them.
The Government should be getting on with the job of addressing the challenges and persistent problems in the labour market, rather than giving a tax cut to millionaires and big business.