Jobless rates for the young to exceed 20 per cent
The recession could result in permanent youth unemployment levels of over 20 per cent even after the economy recovers, a think tank warns today. The warning comes as new official figures are published on the numbers of young people that are considered to be "Neets" – not in education, employment or training.
The last figures to be published showed that 1,026,000 16- to 24-year-olds were "Neets" in the third quarter of 2010. And unemployment figures published last week showed that 965,000 young people in the same age group are unemployed, the highest number since record began in 1992.
Demos estimates that the ranks of unemployed young people could grow over the next five years to 1.2 million (a 23 per cent increase) as 230,000 16- to 18-year-olds leave education with NVQs at level 1 and 2. The public affairs think tank says these qualifications, which are equivalent to GCSEs, are "inadequate" and offer young people little or no protection from unemployment. In some cases, taking such vocational qualifications can harm, rather than help, young people's earning potential, the report claims.
Demos says levels of 10 per cent to 15 per cent were the norm for youth unemployment in the 1990s, but it warns that the recession, and failures in the education system risk, mean the new "normal" level could be 20 per cent or higher.
- 1 Frank Lampard's face drops when Holly Willoughby introduces him as a 'Man City legend'
- 2 Company breaks open Apple Watch to discover what it says is 'planned obsolescence'
- 3 The confessions of men who ordered mail-order brides
- 4 General Election 2015: Stephen Hawking says he will vote Labour
- 5 Yazidi sex slaves undergoing surgery to 'restore virginity' after being raped by Isis militants
General Election 2015: Tories sack candidate who said she would never support 'the Jew' Ed Miliband
The four utterly contradictory polls that tell the story of this election and why it is pointless trying to predict the outcome
9/11: Iranian General accuses US of organising September 11 terror attacks
General Election 2015: Prospect of Labour-SNP coalition makes one in four voters less likely to support Ed Miliband, says survey
General Election 2015: Stephen Hawking says he will vote Labour
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband
The sickening truth about food banks that the Tories don't want you to know
Aaron and Melissa Klein: Oregon anti-gay bakers ordered to pay $135,000 after refusing to make cake for same-sex wedding
Andrew Lloyd Webber: Phantom of the Opera writer mocked after issuing a warning about Ed Miliband and Nicola Sturgeon
General election 2015: Labour will toughen hate crimes legislation surrounding Islamophobia
EU exit would hit UK economy much harder than neighbouring countries, study finds
iJobs Money & Business
£Basic (OTE) + Uncapped Commission: Guru Careers: A Stockbroker (qualified / p...
£20000 - £60000 per annum: Recruitment Genius: Are you recently QCA Level 4 qu...
£20000 - £22500 per annum + OTE £30K: SThree: SThree Group have been well esta...
£25 - 30k: Guru Careers: We are seeking an Application Support Analyst / 1st L...