CYP Now - Youth unemployment at lowest level in a decade, report finds

Unemployment among young people is at its lowest level since 2014, according to the Social Mobility Commission.

Young people told the Prince's Trust that they have lost confidence when it comes to work and training. Picture: Adobe Stock

Despite young unemployment dropping those out of work are less likely to find jobs, researchers warn - Adobe Stock

Its State of the Nation report found that, according to most recent available data, 11% of young people were out of work in 2022.

In contrast, in 2014, when data on 16- to 24-year-olds in work was first recorded, the unemployment rate was at 17%. In pandemic-hit 2020, 16% of young people were out of work.

The Commission says the latest figures mean “far fewer young people are suffering the negative effects of unemployment”.

But it warns those who are out of work are finding it more difficult to secure a job, as vacancy rates have fallen over the last year.

Its report looked at social mobility across a range of areas of children and young people’s lives.

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