Long-term youth unemployment still going up
The latest labour market data in October showed that youth unemployment fell by 88,000 over the last quarter to reach 733,000. While this has fallen, the challenge of youth unemployment should not be under estimated as three quarters of a million 16-24 year olds are still unemployed. This level was rising before the current downturn started. What is more, a third of 18-24 year olds have been unemployed for over a year; while long-term unemployment (over 12 months) fell for all other age groups in the most recent labour market data, the rate increased among 18-24 year olds by 3.2 percentage points. Previous research by the TUC has demonstrated the scarring impacts that long periods of unemployment can have on young people’s future lives.
Youth unemployment levels over the decade
The combination of high unemployment and long term unemployment, higher tuition fees, and real wages falling faster than for any other age group; prospects are looking bleak for young people.
The TUC is holding ‘THE BIG TUC YOUTH DEBATE: Jobs, Homes & Voice – as part of the TUC Young Workers Month event supported by NUS on Saturday, November 15, 2014 from 11:00 AM to 5:00 PM, for further information and to register click here. The event will bring together young people, experts and campaigners to discuss JOBS, HOMES and VOICE for young people