Report: Youth Joblessness Rises Fastest In UK

Youth unemployment has increased in the UK at a faster rate than any other country in the G8 since the start of the recession, a new report has said.

A study by the Work Foundation found that the UK now lags only behind Spain and Greece for youth joblessness in OECD (Organisation for Economic Co-Operation and Development) countries.

The problem cannot be attributed just to the recession because other countries have fared better, the research group said.

The Government was urged to follow the lead of countries like Germany and Denmark by taking measures including more apprenticeships and increased training.

Lizzie Crowley, the report's author, said: "In many other developed nations, youth unemployment has remained low despite the global downturn.

"However, in the UK youth unemployment as a proportion of 15 to 24-year-olds has increased at a faster rate over the course of the recession than both the European and OECD averages.

"While the reasons for this are complex, it's clear that the UK can learn from the experiences of those countries that have fared much better in terms of youth unemployment.

"The Government should focus on those policies that have been shown to work, cherry-picking the best responses from other countries and adapting them to the needs of the UK labour market."

Unemployment for people aged 15 to 24 had increased in the UK by 35% to 916,000 between 2008 and 2011.

That compares to an average of 15% in the other G8 countries Canada, France, Germany, Italy, Japan, Russia and the United States.

Germany, Russia and Japan saw a reduction in youth unemployment in the same period.

More From Sky News

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2994+0.0027+0.21%
    GBPUSD=X
    1.1589+0.0033+0.29%
    GBPEUR=X
    131.6000+0.523+0.40%
    GBPJPY=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    49.21-0.03-0.06%
    BZX16.NYM
    1,331.20+5.20+0.39%
    GCZ16.CMX
    19.76+0.58+3.01%
    SIZ16.CMX
    2.21+0.02+0.87%
    HGZ16.CMX

TRADING PLATFORM

  • Trade now

    Trade now

    Easy-to-use, award-winning platform from a leader in online trading. Losses can exceed deposits. … More »