Financial News

  • 29 January 2013, 14:24

Report: Youth Joblessness Rises Fastest In UK

Youth unemployment has increased in the UK at a faster rate than any other country in the G8 since the start of the recession, a new report has said.

A study by the Work Foundation found that the UK now lags only behind Spain and Greece for youth joblessness in OECD (Organisation for Economic Co-Operation and Development) countries.

The problem cannot be attributed just to the recession because other countries have fared better, the research group said.

The Government was urged to follow the lead of countries like Germany and Denmark by taking measures including more apprenticeships and increased training.

Lizzie Crowley, the report's author, said: "In many other developed nations, youth unemployment has remained low despite the global downturn.

"However, in the UK youth unemployment as a proportion of 15 to 24-year-olds has increased at a faster rate over the course of the recession than both the European and OECD averages.

"While the reasons for this are complex, it's clear that the UK can learn from the experiences of those countries that have fared much better in terms of youth unemployment.

"The Government should focus on those policies that have been shown to work, cherry-picking the best responses from other countries and adapting them to the needs of the UK labour market."

Unemployment for people aged 15 to 24 had increased in the UK by 35% to 916,000 between 2008 and 2011.

That compares to an average of 15% in the other G8 countries Canada, France, Germany, Italy, Japan, Russia and the United States.

Germany, Russia and Japan saw a reduction in youth unemployment in the same period.

what do you think?

2 comments

shirley sutton

6:02am on 29/1/2013

Cut down on foreigners over here then there will be more jobs

Score: 3
1 reply

Russell6730

9:34am on 29/1/2013

Well said Shirley.We keep hearing these stories of improvements in the jobs market only to see these green shoots smothered by another wave of immigrants. Us Brits are getting pushed out alltogether.

Score: 2

stevie may

8:39am on 29/1/2013

We already had a 'Lost Generation' under Maggie Thatcher, people in their 40's and 50's today who have been kept in poverty without hope for the last 30 years. Totally alienated from mainstream society they form a percentage of the 5 million underclass. And now its happening again. Hallmark of the Tory party.

Score: 5
1 reply

stephen

11:38am on 29/1/2013

well said Stevie . i was a victim of them dark days

Score: 2
Advertisement