Australian unemployment figures by state: The New Daily
Ever heard the Catch 22: How are you supposed to gain experience if employers are only hiring those with previous experience?
It’s not just you. In fact, this is becoming an increasing concern and a destined reality for many young Australians who are looking for work in their relevant fields.
A report released by financial services company AMP and the National Centre for Social and Economic Modelling has revealed that young people under the age of 20 who are looking for full-time work are four an a half times more likely to be unemployed than those Australians over the age of 20.
On top of this, the number of skilled and experienced Australians that are leaving the workforce is also on the rise, reports SBS.
The question is: are young people able to replace them?
With youth unemployment at 27 percent compared to overall unemployment at 6.2 per cent, this will no doubt be a question on many people’s lips.
It comes as no surprise that recent university graduates and young professionals are struggling to find relevant work. This could become an extreme concern for the future of Australia. Young Australians are the future of the workforce, so why are companies not taking action now and training them for our future?
Presumably because training costs time and money.
“It’s a tough environment for many young people looking to get their foot on the career ladder” states Paul Sainsbury, AMP’s Chief Customer Officer.
The new concern is not climbing your way up the ladder; it’s getting your foot on there in the first place.