Since the start of the pandemic, official unemployment figures have been distorted by the furlough, but now, with just over 2 million workers still furloughed and with the scheme being replaced by new funding arrangements from the end of this month, the Resolution Foundation https://www.resolutionfoundation.org/publications/jobs-jobs-jobs/ predicts an unemployment rate of just over 7 per cent … Continue reading Forever Young….
It is still too early to assess the real, longer term effects of the pandemic on the labour market; but as the furlough winds down, even if some businesses have reopened, this month’s figures show that (official) levels of employment have fallen by significantly. Overall, employment is down by nearly half a million since the … Continue reading Youth joblessness edges upwards
Remember the NEETs? An acronym created by the Blair government and then used across Europe. Latest figures for young people Not in Education, Employment or Training for the first six months of this year, show 13% (more than 1 in 8) of all 18- 24’s in this category. Other research shows 75% being NEET for … Continue reading Even before Covid, 1 in 8 still NEET
Barely a month after Boris Johnson promised an apprenticeship for any young person who wanted one, Department for Education data shows the devastating effects of the pandemic. The number of apprentice starts have already declined in recent months – between August 2019 and January this year, the number of new apprenticeships was 7.3 per cent … Continue reading Covid generation: apprenticeships and grads continue to take a hammering
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?