New report highlights magnitude of youth unemployment
The Association of Chief Executives of Voluntary Organisations (ACEVO) has published a report of the Commission on Youth Unemployment entitled Youth Unemployment: The Crisis We Cannot Afford.
The Commission was chaired by David Miliband MP. But the National Institute of Economic and Social Research (NIESR) contributed to the Commission’s work. Jonathan Portes, NIESR Director, was a member of the Commission, while Richard Dorsett (Senior Research Fellow) and Paolo Lucchino (Research Officer) undertook specially commissioned research on the different experiences of young people at risk of labour market exclusion, published as an annex to the report.
Mr Portes said: “NIESR’s forecasts show unemployment is likely to continue to rise and remain at high levels for some time. The young are particularly at risk. There is no one cause: at the moment, we face both low levels of demand for young people’s labour, with the numbers of young unemployed rising to record levels, and a long-standing problem of structural youth unemployment, which was a serious issue even when the economy was doing well.
“This report, based on rigorous research evidence, illustrates the magnitude of the potential long-term economic and social damage that might result from the current levels of youth unemployment. Not only is youth unemployment costing us billions now, but the damage done to the future employment and earnings prospects of those affected will cost us billions for years to come, every year, long after the economy as a whole has recovered. The report presents practical proposals to stop that happening.”
To view the report, click here.
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