We are now just over a year on from the May 2015 general election and we will shortly be preparing an assessment of how the new Government has been doing on youth employment, especially when compared against the Manifesto for Youth Employment we published just before the election last year.
However new research published last week by Impetus PEF shows just how far we still have to go to tackle youth unemployment. Impetus PEF have prepared a Youth Jobs Index which draws on nationally published figures on the UK’s 7 million 16-24 year olds and has found that 1.3 million young people are spending six months or more not in education, employment or training (NEET), and that 700,000 are NEET for more than a year. Much of this is down to insufficient qualifications, with many NEET young people not even having ‘Level 2’ qualifications.
What the research also finds is that 2 million 16-24 year olds in the UK are ‘underemployed’ (for example by being overqualified for the job they are doing or wanting to work more hours they are currently working). When combined with the NEET figures mentioned above that accounts for a shocking number of the UK’s young people being either NEET or underemployed.
This Index will be produced every year and we hope it will be a valuable reminder to the Government of the work that still needs to be done.