News — youth unemployment

Youth unemployment

February 24, 2014 • Unemployment • youth unemployment

As with adult unemployment, the level of unemployment of 16 – 24 year olds in the UK fell in the last quarter of 2013 to 917,000 – down 48,000 – with the unemployment rate now at 19.9% - down 1% - further indication that aggregate demand in the economy is growing. The drop affected only the 18-24 year old group, where the rate fell from 19.1% to 17.9% (734,000), with unemployment among 16-17 year olds actually rising from 36.2 to 36.4% (at 183,000). In contrast, 50-64 year olds are the least at risk of unemployment, with a rate of just 4.4%.

Youth unemployment

October 10, 2012 • Unemployment • youth unemployment

Unemployment of young people in the UK in February 2012 was 1.03m – down from 1.04m in the last quarter of 2011. Despite this modest fall, observers in the UK and around the world, including the UK’s National Institute of Economic and Social Research and the World Economic Forum, agree that youth unemployment represents one of the most serious economic and social problems facing developed and developing economies alike. Youth unemployment of 1.03m (at 22%) means that approximately one in five young people actively engaged in the labour market (those defined as active) are looking for work, but cannot obtain...