Job Market

Youth unemployment rises to highest level in two years

Youth unemployment in the UK is at its highest level in two years, according to the latest figures released by the Office for National Statistics (ONS).

The number of employees on payrolls has decreased by 650,000 since March last year, the largest drop since 2009 when comparing quarterly or annually.

The UK’s unemployment rate has increased to 4.1% between May and July.

The number of young people in employment, aged 18-24, fell 156,000 in the three months leading to July.

Darren Morgan, the ONS’ director of economic statistics, said: “With the number of employees on the payroll down again in August and both unemployment and redundancies sharply up in July, it is clear that coronavirus is still having a big impact on the world of work.’’

 

Back to top button

Adblock Detected

To view our content you will need to disabled your ad-blocker. Serving adverts is fundamental to the business model of publishers and without them we would not have the funding to pay journalists to write.