Geography of youth unemployment

The geography of youth unemployment: a route map for change – Work Foundation

  • provides an overview of the geography of youth unemployment in Britain’s major towns and cities
  • sets out some of the reasons why there are significant geographic disparities between places in the level of youth unemployment
  • provides an overview of the current youth policy context and some of the challenges it presents

Labour force stats – Europe

Labour Force Survey 2013: Eurostat

In 2013 in the EU28 these were:

  • 216.4 million persons in employment
  • 26.2 million unemployed
  • 137.2 million economically inactive
  • 43.7 million of those in employment were part-time workers, of which 9.9 million (23% of part-time workers) are underemployed, meaning they wished to work more hours and were available to do so

European retail trade up

European Retail Trade Volume, Feb 2014: Eurostat

  • In February 2014 compared with January 2014, the seasonally adjusted volume of retail trade rose by 0.4% in the euro area (EA18) and by 0.5% in the EU28
  • In January retail trade increased by 1.0% and 0.6% respectively.
  • In February 2014 compared with February 2013 the retail sales index increased by 0.8% in the euro area and by 1.5% in the EU28.

Retail sales growth

Retail Sales, February 2014: ONS

  • Year-on-year estimates of the quantity bought in the retail industry continued to show growth. In February 2014, the quantity bought increased by 3.7% compared with February 2013.
  • The three month on previous three month movement in the quantity bought showed continued growth for the twelfth consecutive period increasing by 1.6%.  This has been the longest period of sustained growth since November 2007.
  • The average prices of goods sold showed deflation of 0.2% with fuel providing the greatest contribution to this at 4.4%. The last time store price deflation occurred was September 2009 (0.8%) when fuel was again the main contributor at 5.8%.
  • In February 2014, the amount spent in the retail industry increased by 3.5% compared with February 2013 and by 1.3% compared with January 2014.  Non seasonally adjusted data show that the average weekly spend in the retail industry in February 2014 was £6.6 billion compared with £6.3 billion in February 2013 and £6.4 billion in January 2014.
  • The amount spent online increased by 12.4% in February 2014 compared with February 2013 and by 2.5% compared with January 2014.

Inflation rate falls

Consumer Price Inflation, February 2014: ONS

  • The Consumer Prices Index (CPI) grew by 1.7% in the year to February 2014, down from 1.9% in January
  • The largest contribution to the fall in the rate came from transport (principally motor fuels) with other smaller downward effects from the housing & household services and clothing & footwear sectors.
  • These were partially offset by upward contributions from furniture & household goods and recreation & culture.
  • CPIH grew by 1.6% in the year to February 2014, down from 1.8% in January. CPIH is a measure of UK consumer price inflation that includes owner occupiers’ housing costs
  • RPIJ grew by 2.0%, down from 2.1% in January. RPI is a long-standing measure of UK inflation that has historically been used for a wide rangeof purposes such as the indexation of pensions, rents and index-linked gilts.

Unemployment falls

Labour Market Statistics, Mar 2014: ONS

  • The number of unemployed people fell by 63,000 on the quarter and by 191,000 on the year to reach 2.33 million for November 2013 to January 2014
  • Unemployment rate was 7.2% of the labour force (those unemployed plus those employed) for November 2013 to January 2014, down from 7.4% for August to October 2013 and from 7.8% the previous year
  • The number of people in employment increased by 105,000 on the quarter and by 459,000 on the year to reach 30.19 million for November 2013 to January 2014. Employment rate was 72.3% (for people aged from 16 to 64) for November 2013 to January 2014, up from 72.0% for August to October 2013 and from 71.5% the previous year
  • The increase in employment between August to October 2013 and November 2013 to January 2014 was due to more self-employed people; the number of employees fell over this period