UK unemployment hits 14-year high of 2.38m
Almost a million young people are out of work after the biggest increase in unemployment since Labour came to power.
Youth unemployment has soared to a 16-year high, with 17.3 per cent of those aged 18 to 24 out of work — up from 15 per cent in February. The Prince’s Trust said that a young person was losing a job almost every minute over the past three months.
Almost a third of those aged between 16 and 17 who left school after GCSEs are also out of work, amid fears that unemployment among the young is set to rise over the summer as a new generation of school leavers and graduates struggles to find work.
Unemployment increased by a record 281,000 between March and May, bringing the total to 2.38 million — the highest since October 1995.
Yesterday’s figures also revealed that the number of long-term unemployed — those out of work for more than a year — has risen by 46,000 to an 11-year high of 528,000, with almost half that total having been jobless for two years.