One in five young people in the UK are now unemployed, figures from The Office of National Statistics (ONS) revealed.
According to an article in today’s Guardian, youth unemployment has hit a record high with 1.2 million 16-24 year olds unemployed between July and September 2011.
Employment Minister Chris Grayling blames the eurozone crisis for the rise. He said “If you go back four months, unemployment was falling, youth unemplyment was lower than 900,000. We’ve seen a big slowdown in the economy I think as a result of the crisis elsewhere.”
If Europe is to pay for our failing economy who will bail out Britain when our taxes fail to cover the shortfall? According to the ONS 21.9% of young people are currently unemployed but how many of them are actively seeking work, after all statistics show that the number of people claiming jobseekers allowance rose by 5,300 last month to 1.6 million. Give us your opinion, are todays youth unemployed out of choice?
And whether you’re employed or on the dole and would like to know more about bonds, bailouts and the eurozone crisis check out An idiots Guide to the Eurozone.
Story by Florence Sogga
Picture of newspaper job adverts by Florence Sogga