Part time work is a fulltime problem for younger workers
By ABC reporter, Stephen Letts
A good story and I see the effects of this almost every day, especially in Canberra and Adelaide. One important fact to keep in mind is that even though employment is strong, much of the jobs growth is in short time contracts.
“The decade since the global financial crisis has seen the Australian economy roll through a couple of cycles. Half of the 1.85 million jobs created between 2008 and 2018 were part time. Around three-quarters of the rise in part time work in the 15-to-25 year old age group is due to weak economic conditions.
"There has been a shift to part-time work in every sector except finance and real estate. The mining construction boom came and went. Now the residential construction boom is rolling over.
"Commodity exports powered up, then down, then up again. There have been stops and starts. Bouts of optimism and pessimism.
"There have been four governments and six changes of prime minister; and, while economic growth has largely limped along below both its potential and long-term average, strong jobs growth has been a constant.
"All up, 1.85 million new jobs were created between 2008 and 2018. It has been a big factor in extending Australia's recession-free world record to 27 years. Roughly half those jobs — 885,000 to be exact — have been part-time.”