Latest ONS stats shows youth unemployment rising

Oct 13, 2020

The latest employment statistics released by the Office for National Statistics today (13 October 2020) show the unemployment in the UK grew to 4.5% in the three months to August. Of the 500,000 fall in the number of people employed, 60% are aged 16-24 years. This shows a growing trend that young people are bearing the brunt of unemployment.

Chief Executive of Youth Futures Foundation, Anna Smee, commented:

“Today’s statistics confirm the continuing trend that young people are bearing the brunt of the impact of the pandemic on the economy. Of the 500,000 fall in the number of employed, 60% are aged 16-24 years and there has been a record number of 119,000 redundancies amongst those aged 18-24 years.

“This is a call to action for employers to step forward where they can, with support from Government initiatives like Kickstart, and offer young people job opportunities today to avoid the long-term scarring effects of unemployment. High youth workless levels will erode skills and create a multi-billion pound hole in our economy if left unchecked.”

 

 

News
27/11/2020

The Spending Review is a missed opportunity to support young people into jobs and invest for the future.

News
19/11/2020

Chris Goulden comments on how the rise in the number of young people staying in full-time education pushing down NEET numbers.

News
19/11/2020

Youth Futures Foundation and BBC Children in Need announce the grant recipients of the £7 millon Inspiring Futures fund.

News
13/11/2020

Deuvaunn Darroux joins the Youth Futures Foundation as Strategy Officer Apprentice.

Blog
13/11/2020

Director of Impact and Evidence, Chris Goulden, reports back from the ERSA Kickstart Forum

News
13/11/2020

Jason Arthur joins Youth Futures Foundation as Director of Strategy and Innovation.

News
05/11/2020

New Heads of Grants Dilys Winterkorn and Lekan Ojumu join Director Matthew Poole (pictured centre) in the Grants and Investment team.