Labour market figures for March to May, published today, show official unemployment remains at 3.9% or 1.35 million. Of course, 9.4 million employees are furloughed, being paid but not actually working. A further 2.4 million of the self-employed are receiving financial support, while another 500,000 are temporarily away from their employment, so while not unemployed … Continue reading The vagaries and complexities of labour market statistics
Welcomed by the TUC and Labour, Rishi Sunak’s announcement of a £2 billion job placement scheme for 350 000 young people likely to be unemployed as a result of the Covid crisis, is a big step for a Tory Party that less than six months ago was committed to reigning in public spending to balance … Continue reading Sunak’s job placements: kick starting the Covid Generation?
The Chancellor has announced plans to triple the number of 'traineeships', giving businesses a £1,000 bonus for taking on a young person. So what are traineeships and what does it mean for young people? To begin with traineeships are not new. They were started in 2013 as a pre employment opportunity for young people under … Continue reading Sunak promises more: but what are ‘traineeships’?
Although there are plenty of pointers, yesterday's employment statistics didn't tell us very much about the real effects of the covid crisis on the labour market - and particularly the fate of young people, a new 'Covid Generation' It's been predicted youth unemployment will rise by 600,000. As with figures for unemployment across the population, … Continue reading Jobless figures: the lull before the storm
Despite being a statutory requirement, (even if LEAs and schools are without the resources, let alone the incentive to enforce it) latest figures show one in six 17-year olds, not in full-time education. As an alternative, a young person can take up employment with training, in other words some kind of apprenticeship, but only 6% … Continue reading Despite the raising of the leaving age, one in six 17-year olds are not in full-time education
This week's ONS labour market data shows unemployment’s rising again. A slight increase to 3.9% in the last quarter (the number of people working also fell) but enough to suggest that the labour market's cooling.- if not reaching full capacity (pay has continued to grow in real terms). Youth unemployment grew more significantly. Up to 11.2% … Continue reading Youth unemployment on the way up?
Jeremy Corbyn’s commitment to include under 18s in Labour’s £10 an hour minimum wage is to be welcomed. As the Labour leader made clear “Equal pay for equal work” is hardly a controversial idea. Under Labour, the hourly pay of workers aged 16 and 17 would more than double. At present, workers under the age … Continue reading Labour’s £10 minimum wage for under 18s could be part of a real ‘new deal’ for young people.
ONS figures published last week show a record number of people working – 32.7 million or 76.1% of the population. At 3.9%, unemployment has hit its lowest level since 1975 while the number of those ‘economically inactive’ - people not looking, or not able to work has also never been lower. But if ‘full-employment’ in … Continue reading Record Employment: but the NEETs are still here
Figures released today by the ONS show youth unemployment (16-24-year olds) down to 12.2%, still nearly three times the rate for the population generally, but close to the 2001 low of 11.6%. (Youth joblessness reached 22.5% in 2011.) But in many respects, these figures are of limited use. For example, over a third of those recorded … Continue reading The unemployed, the economically inactive and the NEETs
Today’s ONS Labour Market Bulletin, provides further data about the changing relationship between young people, education and employment. Even if it’s still much higher than for other age groups, youth unemployment continues to fall. For July to September 2017, joblessness for 16 to 24 year olds was 11.9% ( down from 13.1% a year earlier … Continue reading Education without jobs