Category Archives: The Australian

Long-term youth unemployment triples since financial crisis

The AustralianApril 14, 2014

THE number of long-term ­unemployed young people has trebled since the global financial crisis and has grown fastest over the past year, new analysis from a national welfare charity has found.

Data compiled by the Brotherhood of St Laurence shows that one of the key indicators — length of time spent without work — is heading for the “worst-case scenario”. The unemployment rate for people aged 15 to 24 is more than double the national ­average at 12.5 per cent — and the proportion of those who had spent a year or more out of work now accounts for almost one-fifth of all the unemployed youth.
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