Project description

???New research from the UNSW Australia Business School shows how an economic downturn can impact on the Youth Labour Markets. �Unemployment rates for young people go up much more dramatically and remain much higher for younger people, compared to those who have been in the workforce for some time,� says Professor Raja Junankar, an Honorary Professor at the Industrial Relations Research Centre at UNSW Australia. Official unemployment figures for January are published by the Australian Bureau of Statistics on Thursday. Australia's unemployment rate surged to 6.4 per cent in January. The unemployment rate is currently 21.7 % for 15-19 year olds, and 10.6% for 20-24 year olds. However the adult (25-64 year old) unemployment rate is at 5.1%.

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