Business shutdowns forced by the coronavirus pandemic have disproportionately hit young people, given their reliance on casual employment in sectors like the hospitality and retail industries.
“This is absolutely an implosion of the youth labour market – the COVID crisis has just shown the fractures and fissures that were already ,” he said. "It really is an ongoing problem in the youth labour market and this has just exposed all of those issues," he said.Australia's unemployment rate jumped to a seasonally adjusted 7.1 per cent in May, with 227,700 jobs lost during the month.Labor’s employment spokesman Brendan O’Connor said young people have been the biggest casualties of the unemployment crisis.
Economist Stephen Koukoulas said that, despite the economy starting to reopen as coronavirus restrictions ease, it could still be sometime until employment rebounds, particularly for younger workers.
Source: News Formal (newsformal.com)
Ah well, they're gonna live the longest so they'll figure how to get over it.
Ya think. Duh.
Unemployment takes a huge emotional and mental toll... This is not just an economic issue. It's an issue of health. It's an issue of stress. It's an issue of mental health.
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