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
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Upgraded growth forecast from BCC

Upgraded growth forecast from BCC

  • The British Chambers of Commerce (BCC) has upgraded its growth forecasts for the next two years – from 2.7% to 2.8% in 2014 and from 2.4% to 2.5% in 2015.
  • UK GDP expected to exceed  its pre-recession peak in Q2 2014 – one quarter earlier than forecast in December
  • UK GDP quarterly growth is forecast at 0.7% in Q1 2014, easing slightly to 0.6% in Q2 2014, before averaging 0.6% per quarter until the end of 2016.
  • The first increase in UK interest rates expected in Q3 2015 to 0.75%
  • Wage growth predicted to exceed inflation from mid-2014
  • The youth unemployment rate is expected to remain almost three times the national average over the forecast period (2014 – 2016)
  • Unemployment rate expected to fall from 7.2% in Q4 2013 to 6.0% in Q4 2016
  • Growth in 2016 expected to be 2.5%.

Young people in the labour market

Young people in the labour market: ONS

  • The number of people aged 16 to 24 in full-time education has more than doubled over the last 30 years
  • 69% of young people not in full-time education were employed at the end of 2013
  • The proportion of young people undertaking work alongside full-time study has been falling since the year 2000
  • Young people are most likely to work in the lowest skilled jobs in the economy
  • In the final quarter of 2013 the youth unemployment rate was similar to that in 1984
  • Around 13 in every 100 young people were unemployed, in the final quarter of 2013
  • The youth unemployment rate in the UK was lower than the European Union average in 2013
  • Wokingham had the highest youth employment rate, for those not in full-time education, across England and Wales
  • Hartlepool and Wolverhampton had the highest unemployment rates for young people who are not in full-time education across England and Wales
  • Barking and Dagenham had the highest inactivity rate for young people who are not in full-time education across England and Wales
  • Of all young people across local areas, Barking and Dagenham has the highest percentage who state they are not working because they are looking after the family or home. Neath Port Talbot has the highest percentage who say they are long term sick or disabled.

European unemployment

European unemployment, Oct 2013: Eurostat

  • The euro area (EA17) seasonally-adjusted unemployment rate  was 12.1% in October 2013, down from 12.2% in  September
  • The EU28 unemployment rate was 10.9%, stable compared with September
  • In both zones, rates have risen compared with October 2012, when they were 11.7% and 10.7% respectively
  • In October 2013, 26.654 million men and women were unemployed in the EU28, of whom 19.298 million were in the euro area
  • Compared with September 2013, the number of persons unemployed decreased by 75 000 in the EU28 and by 61 000 in the euro area. Compared with October 2012, unemployment rose by 512 000 in the EU28  and by 615 000 in the euro area.
  • In October 2013, 5.657 million young persons (under 25) were unemployed in the EU28, of whom 3.577 million were in the euro area.
  • Compared with October 2012 youth unemployment decreased by 29 000 in the EU28, but increased by 15 000 in the euro area.
  • In October 2013, the youth unemployment rate was 23.7% in the EU28 and 24.4% in the euro area, compared with 23.3% and 23.7% respectively in October 2012.

Fewer NEET young people

Young People Not in Education, Employment or Training (NEET), November 2013

  • There were 1.07 million young people (aged from 16 to 24) in the UK who were Not in Education, Employment or Training (NEET), down 19,000 from April to June 2013 and down 28,000 from a year earlier
  • The percentage of all young people in the UK who were NEET was 14.9%, down 0.2 percentage points from April to June 2013 and down 0.3 percentage points from a year earlier.
  • Just over half (55.0%) of all young people in the UK who were NEET were looking for work and available for work and therefore classified as unemployed. The remainder were either not looking for work and/or not available for work and therefore classified as economically inactive.

NEETS, Q2

Young People not in Education, Employment or Training, August 2013

  • For April to June 2013, there were 1.09 million young people (aged from 16 to 24) in the UK who were Not in Education, Employment or Training (NEET), virtually unchanged from January to March 2013 but down 104,000 from a year earlier.
  • For April to June 2013, the percentage of all young people in the UK who were NEET was 15.1%, unchanged from January to March 2013 but down 1.3 percentage points from a year earlier.
  • For April to June 2013, just over half (53.6%) of all young people in the UK who were NEET were looking for work and available for work and therefore classified as unemployed. The remainder were either not looking for work and/or not available for work and therefore classified as economically inactive.

European unemployment

European unemployment, May 2013: Eurostat

  • The euro area (EA17) seasonally-adjusted unemployment rate3 was 12.1% in May 2013, up from 12.0% in April
  • The EU27 unemployment rate was 10.9%, stable compared with the previous month
  • In both zones, rates have  risen markedly compared with May 2012, when they were 11.3% and 10.4% respectively
  • 26.405 million men and women in the EU27, of whom 19.222 million were in the euro area,  were unemployed in May 2013.
  • Compared with April 2013, the number of persons unemployed increased by 16 000 in the EU27 and by 67 000 in the euro area.
  • Compared with May 2012, unemployment rose by 1.324 million in the EU27 and by 1.344 million in the euro area.
  • In May 2013, 5.501 million young persons (under 25) were unemployed in the EU27, of whom 3.531 million were in the euro area.
  • Compared with May 2012, youth unemployment decreased by 77 000 in the EU27 and increased by 60 000 in the euro area.
  • In May 2013, the youth unemployment rate was 23.0% in the EU27 and 23.8% in the euro area, compared with 22.8% and 23.0% respectively in May 2012.