The number of young people aged 16 to 24 in employment between August and October dropped by 90,000, meaning youth employment plummeted to 3.51 million. This accounted for 60 per cent of the total fall in employment between August and October.
In the same period unemployment for 16- to 24-year-olds increased by 29,000 to now total 569,000, a rise of 124,000 over the year, the new report states.
Overall, 370,000 redundancies were made during the three-month period with the UK’s unemployment rate now standing at 4.9 per cent - 1.2 percentage points higher than a year earlier.
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