Sunday, 22 February 2015

Young are three times more likely to be jobless


According to an analysis of official figures by the House of Commons library for Labour, young people are three times more likely to be unemployed than the rest of the population. The number of people aged 16-24 who are not in full-time education or employment has increased by 8,000 over the last quarter. With 498,000 in that age group without a job. Their unemployment rate is 14.4%, while the overall unemployment rate now stands at 5.7% of the total working population. Rachel Reeves, the shadow work and pensions secretary, said there could be "no doubt" that there was a genuine issue with youth unemployment that needed to be addressed.
The Observer, 

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