Australia’s labour market in a time of pandemic


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CEDA will examine how particular groups of workers are faring and the longer term implications on our skills and apprenticeships system, superannuation and the participation of older and younger workers in the labour market.
Australia entered 2020 with a labour market that was not as strong as it looked on headline indicators. Despite posting relatively low unemployment levels, underemployment was stubbornly elevated, and wage growth sluggish. Growth in hours worked and employment were trending down.

Longstanding issues in Australia’s labour market have been highlighted through the COVID-19 pandemic including the inadequacy of Newstart for jobseekers; and limited financial buffers for vulnerable workers.

What is the persistent effect of these impacts on our labour market and the economy in the future?

Analysis: Labour market tracking: first COVID-19 impacts hit young people hardest

Part one: Read it here
In the first in a regular series on the Australian labour market for CEDA's Recovery: coming back better project, CEDA Senior Economist, Gabriela D'Souza, shows that COVID-19 is already having a significant impact on the labour market, particularly among young people.


 

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