Youth unemployment is now down to 12.7 per cent.
That's down from the cyclical peak of 14.3 per cent in 2014.
Youth unemployment can be a fair indicator of labour market sentiment.
The young and less experienced are, after all, often the first to get pinged when the going gets tough (but can be hired again when things pick up again).
Total employment growth for the youth cohort has been relatively good over the past year, rising by faster than +2.5 per cent.