youth unemployment rate

Whether it is welfare or wages, the income of youth and students seems to be under attack from the government and big business sectors. From the beginning of this year, commencing students will no longer receive the start-up scholarship of $1025, paid in two instalments over the year. New students now have the option of applying for a start-up loan of the same amount, which, similarly to the HECS debt, will be repaid to the Australian Tax Office once their income reaches a certain level.
It is now more difficult for unemployed people to find a job than it has been for 20 years. Official youth unemployment is 12% and the official national jobless rate has risen to a 13-year high of 6.3%. The last time employment prospects were so depressed was in the 1990s when the national unemployment rate was 8%. In South Australia, the official unemployment rate is now 7.9%, with employment growth a negligible 0.3%.
The official unemployment rate in Broadmeadows is 23.5% but the real unemployment and underemployment rates are far higher. Youth unemployment is higher than the overall rate. We are very close to the 30% unemployment rate of the Great Depression. Woolworths has now announced that it intends to close its Hume Distribution Centre and shift it across town to the outer south-eastern suburbs. This would throw about 680 people out of work.
When the global financial crisis (GFC) unfolded in 2008, the unemployment rate for 15 to 19-year-olds looking for full-time work in Australia increased from 15% to 25%. It has remained at this level ever since. In July, it stood at 25.5%. However, in the 10 areas listed by the Department of Human Services as the most disadvantaged in the country, the youth unemployment rate is more than 40%.
Recent national figures published by the Sydney Morning Herald show the rate of youth unemployment in Australia is well above the national average, hitting 17.3%. The is more than triple national unemployment, which stood at 5.2% in December. Almost one in five people aged 15 to 19 and not studying are out of work.
Triple J did a profile on youth unemployment in Wollongong that was posted on the ABC’s website on October 29. Five young people were interviewed about the difficulties in finding work, and the reasons for the high youth unemployment rate. These are the same problems faced by young people all over Australia: a reduction in the number of apprenticeships available, the effects of the financial crisis, the lack of experience young people have and how no-one is willing to give them a chance.
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