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Record low of youth unemployment hits the UK

PICTURED: Job Centre

AS STUDENTS in England and Wales await their A-level results on Thursday (Aug 16), the proportion of young people who are unemployed and not in full-time education is at a record low of 4.7%.

Meanwhile, there are also a record number of older people in work – over 10.2 million.

Speaking on the statistics found by the Department for Work and Pensions, Secretary of State for Work and Pensions Esther McVey said: "With the unemployment rate falling further to just 4%, and youth unemployment down over 45% since 2010, school leavers this week can look forward to a growing jobs market, improving the prospects for their future careers.

"In fact, the UK’s vibrant jobs market is benefiting people across the board. Record rates of ethnic minority people in work also show that more families across our society are benefiting from the security of a job, with wages also on the increase.

"We have some of the most creative, innovative and hard-working young people in the world and this summer I’ve been urging them to take on a summer job, gaining ‘soft skills’ – or as I call them, essential skills – for their future careers."

Today’s figures also found that BME employment rate is at a record high of 65.5%, an increase of 1% on the year, and that there was a large fall in zero-hour contracts in April to June 2018, making up only 2.4% of people in employment – a fall of 104,000 on the year.

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