Tuesday, 9 April 2013

Youth Unemployment

Jobless Young People

"University graduates are forced into lowly jobs such as cleaning lavatories.... A total of 120,000 young adults aged 16 to 24 are unemployed in London (25%) which is three times the jobless rate of older Londoners (8.9% unemployment rate).

In 2012 there were 73 applications on average for every advertised graduate job vacancy - a 150% rise on the position five years ago.

The average debt that students in London will leave University with (including living costs) is £60,000.

Youth unemployment has not fallen below 500,000 in the UK in the last 30 years.

Youth unemployment in the Euro area stood at 22.6% in July. In Spain it rose to 52.9%."
― Source: The Evening Standard, 20 September 2012

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