Labour Research December 2011

News

Youth unemployment hits record

Youth unemployment hit an unwanted milestone as it passed through the one million barrier, latest official figures from the Office for National Statistics show.

There were a record 1,0160,000 unemployed people aged 16-24 years in the third quarter of 2011 — a rise of 66,000 on the second quarter of the year.

The unemployment rate for the age group rose from 20.2% to 21.9% over the two quarters.

TUC general secretary Brendan Barber said the milestone of more than a million young people being out of work is “the true mark of the government’s economic strategy”.

He added: “The prime minister must stop the risk of losing a generation to unemployment and under achievement by guaranteeing a job or high quality training to every young person out of work for six months.”

A total of 2.62 million people were unemployed under the Labour Force Survey count in the third quarter — a 129,000 rise on the previous quarter.

Twice as many men as women — 86,000 against 43,000 — became unemployed, pushing the overall unemployment rate to 8.3% from 7.9%.

“The 2.6 million people out of work is the clearest sign yet that self-defeating austerity is not working,” said Barber.

The number of Jobseeker’s Allowance claimants rose to just under 1.6 million in October — a 5.0% unemployment rate.