Lost in transition? The changing labour market and young people not in employment, education or training
Work Foundation and Private Equity Foundation report
- Around half of NEETs are unemployed and actively looking for work. An additional 18 per cent are inactive and either looking for work, or in the majority of cases, are not looking but would like to work. This leaves a third of the NEET cohort who are unable or unavailable to work in either the immediate or the longer-term for a variety of reasons – including caring responsibilities and longterm sickness or disability.
- Skills needs have changed in a way that makes it harder for some young people to access the labour market.
- Support to access their first sustainable job is a core support need of young people.
The youth employment crisis: Time for action – International Labour Office
Cost of living is rising faster for the poorest households – TUC
- The TUC’s living standards index shows that Consumer Price Index (CPI) inflation for the poorest 10 per cent of households in February was 4.1 per cent, compared to 3.6 per cent for middle-income households and 3.3 per cent for the richest 10 per cent. Headline CPI inflation was 3.4 per cent
- With wage growth falling back to just 1.1 per cent in February, the incomes of the poorest households fell by three per cent in real terms