People aged 18-24 are far less likely to be in work today than before the recession and 395,000 more jobs are needed before youth unemployment rates return to their 2008 level, according to research by the Trade Union Congress (TUC).
The research has been published ahead of the latest employment figures tomorrow, which are expected to show stubbornly persistent unemployment.
According to the TUC research, young people aged 18-24 have seen the sharpest fall in their job prospects of all age groups. They are 10% less likely to be in work today than on the eve of the recession. It would take another 395,000 jobs to get their employment rate back to pre-recession levels.
However, as youth unemployment started rising even before the last recession, many more jobs would need to be created to give young people the kind of career opportunities they deserve, says the TUC.
TUC general secretary, Frances O’Grady, said: “Ministers never stop claiming that a record number of people are in work. What they fail to mention is that it is more down to population growth than as a result of their own employment policies.
“What really matters to people is the likelihood of having a job and for young people in particular those chances have fallen sharply in the last five years.
“Young people today are suffering a shortfall of nearly half a million jobs since the eve of the recession, and their prospects have deteriorated even further over the last few years.”
Chosen excerpts by Job Market Monitor
via HR Magazine – UK shortfall of 395,000 jobs for 18-24 year olds, TUC research reveals.
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