InDaily InDaily

Support independent Journalism Donate Subscribe
Support independent journalism


Youth job prospects on downward trend since GFC


Young Australians have been struggling to find employment in their desired occupation since the 2008-2009 global financial crisis and any improvement is unlikely for some time yet given the economic impact of the coronavirus.


Print article

This could have a long-term effect on their career, the Productivity Commission warns in a new report.

Commissioner Catherine de Fontenay says there has been a substantial increase in university graduates in Australia over the last ten years or so.

“Unfortunately, for many graduates that has just meant more competition to enter their chosen profession,” she said releasing the report on Monday.

Since 2008, the report found young people’s job prospects and the growth in their salaries were worse than those of workers aged 35 and over, and compared to young people prior to the GFC.

While Australia avoided the worst of the GFC and was one a few countries to avoid a recession, its after affects combined with a post-mining boom slowdown led to a decade of relatively weak labour demand from 2008.

Although this did not show up in a higher unemployment rate that characterised the 1991 recession, there was increased part-time employment.

This resulted in lower starting wages for young people and a constrained choice in occupations despite increased education.

The report found since 2008 a larger share of graduates found jobs that are considered the lower end of the jobs ladder – such as storepersons, shelf fillers, cafe workers and other hospitality workers.

This in turn has affected their career progression.

“For graduates who found employment lower down the ladder, it was difficult to recover,” the report says.

“While young people’s career prospects might have recovered once the labour market improved, such improvement is now unlikely for some time, given the COVID-19 crisis.”


Want to comment?

Send us an email, making it clear which story you’re commenting on and including your full name (required for publication) and phone number (only for verification purposes). Please put “Reader views” in the subject.

We’ll publish the best comments in a regular “Reader Views” post. Your comments can be brief, or we can accept up to 350 words, or thereabouts.

InDaily has changed the way we receive comments. Go here for an explanation.

Make a comment View comment guidelines

Local News Matters

Media diversity is under threat in Australia – nowhere more so than in South Australia. The state needs more than one voice to guide it forward and you can help with a donation of any size to InDaily. Your contribution goes directly to helping our journalists uncover the facts. Please click below to help InDaily continue to uncover the facts.

Donate today
Powered by PressPatron

More News stories

Loading next article