According to latest quarterly government figures there were 1,026,000 16- to 24-year-olds classed as Neet between July and September this year.
This is an increase of 152,000 on the previous three months figures and is the second highest figure since 2005 when the quarterly Neet statistics for 16- to 24-year-olds were first recorded.
The highest figure during that period was 1,074,000, which was reached during the third quarter of last year.
Shaks Ghosh, chief executive of the Private Equity Foundation, which invests in charities that support young people, said the figures tend to be higher during the late summer months as this is when young people find themselves at a cross roads leaving school, college or university.
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