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GuardianMore than a million young people are now unemployed, the highest number since the Conservatives were last in power, government figures to be published this week are expected to reveal.
The figures have been swollen by the number of graduates and school-leavers who have failed to find work after joining the jobs market this summer. Unemployment rose by 80,000 to reach 2.51 million in the three months to July, 77,000 of whom were 18- to-24-year-olds, lifting the youth joblessness total to 973,000.
But new figures taking into account the last three months are expected to be the worst since comparable statistics were first recorded in the early 1990s.
Howard Archer of consultancy IHS Global Insight said this week's figures were likely to show a 90,000 increase, pushing the total number of people out of work on the government's preferred measure to 2.6 million – above its previous peak and the highest level in 17 years – and pushing the number of unemployed young people above 1 million. It is already known that the number of people claiming jobseeker's allowance in August rose by 20,300. Archer said: "The worry is that, having shown impressive resilience earlier this year, the labour market is increasingly buckling under serious pressure from weak economic activity."
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http://www.guardian.co.uk/society/2011/oct/08/youth-unemployment-figures-one-million