five-year high point of 4.7 per cent last month<\/a>.<\/p>\nThe analysis shows youth unemployment hit 11.1 per cent in September, its highest point since October 2021.<\/p>\n
One in four young people in the labour force are either unemployed or looking for more hours, bringing the underutilisation rate to almost 27 per cent and its highest mark since August 2021.<\/p>\n<\/p>\n
Despite the overrepresentation of young Australians in this data, some sectors have picked up recently.<\/p>\n
National Courses\u2019 director Samuel Bohr advised young people to look out for sectors with solid job prospects.<\/p>\n
\u201cConstruction, education and training, and health care are three of the clearest growth stories in the labour market right now,\u201d Mr Bohr said.<\/p>\n
\u201cWhether young Australians are heading into further study or straight into work, those are the sectors worth watching.\u201d<\/p>\n
Construction employment rose to about 1.4 million in the year to August while education and training added 40,000 jobs.<\/p>\n
Meanwhile, health care and social assistance added 66,000 jobs to reach a record high.<\/p>\n
Mr Bohr said job-finding rates had improved recently despite retail trade positions declining by almost 12,000 between April and September.<\/p>\n
\u201cFinishing school into a tough market doesn\u2019t mean missing out,\u201d Mr Bohr said.<\/p>\n
\u201cJob-finding rates are moving in the right direction, and young Australians can tilt the odds in their favour by training for where the growth actually is, construction, education and health care.\u201d<\/p>\n
It comes as the unemployment rate jumped 0.1 per cent in September.<\/p>\n
ABS head of labour statistics Sean Crick said there were 39,000 fewer employed people and 9,000 more unemployed people in September.<\/p>\n
\u201cThis September a higher proportion of people remained unemployed compared to recent years,\u201d Mr Crick said.<\/p>\n
\u201cThis follows from last month when a higher proportion of people who were previously not in the labour force moved to being unemployed.\u201d<\/p>\n
The ABS revealed that the number of hours worked in September lifted 0.1 per cent with part-time working hours dropping 1.5 per cent as full-time hours lifted 0.4 per cent.<\/p>\n
Read related topics:Unemployment<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"One cohort of Australians accounted for almost two-thirds of the national rise in unemployment over the past year,…\n","protected":false},"author":2,"featured_media":937315,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164,4670,180,503941,4847,165],"class_list":["post-937314","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy","tag-jobless-rate","tag-jobs","tag-national-courses","tag-unemployment","tag-unemployment-rate"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/937314","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=937314"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/937314\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/937315"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=937314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=937314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=937314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}