Though the most recent ONS figures (http://www.statistics.gov.uk/pdfdir/lmsuk0511.pdf) show a slight fall in levels of unemployment, 20% of 16-24 year olds are still recorded as being out of work. If the count is restricted to those ‘not in full-time education or training’ – a more accurate measurement, 18.3% of 16-24 year olds and 17.3% of those 18-24 remain jobless. These figures compare with a general unemployment rate of 7.7%. (2.46 million)
These figures are not much lower than when the economy was at the height of recession. We cannot expect that the current rate of economic growth – equivalent to 2% per annum – will seriously dent the extent of youth joblessness. As the budget cuts kick in and consumer spending continues to remain in the doldrums we cannot expect growth at all.