This month’s unemployment figures show a 10 000 fall in the number of 16-24 year olds out of work –a 0.2% fall on the previous quarter and mirroring a more general fall in unemployment of some 65000.
If youth unemployment still remains over a million, the above figures include full-time students looking for a job. If only those ‘not in full-time education or training’ are included the figures show an increase of 6000, bringing the figure to 724.000. (20.7% of those ‘economically active’) Amongst 18-24 year olds in this category, unemployment increased by 9000 (19.7%).
These latest figures, based on data for the March to May 2012 period reflect a 70 000 fall in the number of full-time students, but if added to those not in full-time learning recorded as ‘economically inactive’ show 1 in 3 18-24 year olds in the non-student category not working. This figure is not the NEET total, because it includes those who may be unable to work nor allows for part-time students not seeking employment – but it does provide a more accurate figure of what’s happening to young people in the labour market.