- Youth unemployment has been an escalating problem in the UK since 2005, with the most recent rises directly attributable to issues of the economy
- Persistent youth unemployment has been embedded in our system over decades
- Unemployment while young is linked to long-term reductions in wages, increased chances of subsequent periods of unemployment, and poorer health outcomes.
- High levels of youth unemployment also have wider social and economic costs. The cost of youth unemployment over the next decade has been estimated at £28 billion
- ‘With youth unemployment nearing 1 million, supporting young people into jobs - and sustainable jobs in particular - must be a foremost priority if the UK is to avoid a lost generation.’
- UK businesses tell us they struggle to recruit young, work-ready staff
- A generation of young people lost to unemployment means an inadequate talent pool for the needs of our businesses as the economy recovers
What causes youth unemployment?
As mentioned youth unemployme...
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