Record numbers of young people in jobs, DWP says

The number of young people in work has reached a 10-year high, government figures have shown.

The figures released this week reveal that the employment rate for young people who have left full-time education stands at 74.6 per cent, the highest in more than a decade.

Moreover, fewer youngsters just out of education than ever before are unemployed, with numbers falling to a record low of 14.1 per cent.

 

Highest employment rate ever recorded

Employment in general is also on the rise, with almost three quarters (74 per cent) of the UK population in jobs – the highest rate that has ever been recorded.

This equates to 31.4 million people, with the number having risen by 588,000 in the last year.

Employment growth has been mainly due to a rise in full-time jobs, the Department for Work and Pensions said, with nearly 75 per cent of the total increase being in full-time jobs.

Unemployment currently stands at 5.1 per cent, the lowest rate for 10 years. Long-term unemployment has hit a six-year low, having fallen by 25 per cent over the last year to 488,000.

 

Good news for all

Employment Minister Priti Patel said: “This is a record-breaking set of figures, and has got 2016 off to a fantastic start.

“There are now more people in work than ever before and wages are growing – a credit to hardworking Brits and businesses alike. And in a further demonstration of the strength of the UK labour market, today’s figures show there are a record three quarters of a million vacancies.

“As a One Nation Government, we will build on this throughut the coming year – doubling childcare for working parents and introducing the new National Living Wage – ensuring that everyone has increased financial security and the opportunity to get on and succeed in life.”