Long term employment prospects for young people looking brighter
WITH the autumn term starting at schools, colleges and universities, the long term employment prospects for young people are looking brighter. Earlier this year, in July, the Department of Work and Pensions released figures which showed youth unemployment falling, with the level below what it was before the recession.
85% of young people aged 16 to 24 are in full time study or in work.
Overall, long term unemployment has fallen too. Measured by the number of people receiving Job Seeker’s Allowance, the number of people unemployed in Beaconsfield was 377 in June 2015. That is 144 fewer than in June 2014 and 587 fewer than in June 2010.
At the same time, the Office of National Statistics shows that annual real wage growth is now at 3.2 per cent. In the private sector, pay is up 3.8 per cent. The recovery of the UK economy is coming through to people’s wages.
I know that some constituents have concerns that young people aged 18-21 will no longer have an automatic entitlement to housing benefit. There are going to be exceptions made for vulnerable people and those who are in difficult circumstances. However, young people receiving benefits should have to go through the same kind of decisions as young people who go out to work and who cannot yet afford to leave home.
The Summer Budget, in July, introduced a new Youth Obligation, so that people aged 18-21 should either be ‘earning or learning’.
Realistically, people of this age group do have ambitions and goals and it is a tragic waste of potential if someone goes from school to benefits, to stay there without the chance of getting the qualifications to move into the world of work.