The number of young Australians who are unemployed for longer than a year has more than tripled since 2008, according to this report.
Youth unemployment has been marching upward in Australia in the aftermath of the Global Financial Crisis in 2008. The unemployment rate nationally among those aged 15 to 24 at March 2014 stands at 12.5 per cent – more than double the overall rate of unemployment. The experience of being young and unemployed is also changing. The inexorable rise in the incidence of youth unemployment has come alongside an increase in the length of unemployment for those aged 15 to 24. In January 2008, the average duration of unemployment for a young person in Australia was slightly above 16 weeks. More than five years later – by February 2014 – the average duration had risen to nearly 29 weeks.