Grayling: unemployment rises as Government announces more support for young people
- Published on Wednesday, 12 October 2011 16:07
- Posted by Scott Buckler
The Government must continue with measures to reduce the deficit, stimulate the economy and support people who lose their jobs back into work, Employment Minister Chris Grayling said today
New figures published by the Office for National Statistics today show a rise in unemployment of 114,000 to 2.56 million (ILO measure) indicating that the slowdown in the world economy and fragile financial markets in both Europe and North America are continuing to have an impact on the UK economy.
The Government has already taken decisive action to reduce the deficit and restore economic stability. As well as committing to cut business taxes to one of the lowest rates in the G7, Ministers are announcing a £173 million boost to drive manufacturing growth.
Today’s figures show a rise in the number of unemployed 16-24-year-olds to 991,000, although that figure includes 270,000 students looking for a job, leaving the real number of youth unemployed at 721,000. The Government is determined to tackle youth unemployment and this is why Ministers have today announced the next part of their strategy, with the formal launch of sector-based work academies across the UK. The new academies will offer a combination of training, work experience and a guaranteed job interview to up to 50,000 people over the next two years, with many going to young people.
Together with the Work Programme and the Government’s Work Experience scheme it will mean support for up to 150,000 young people over the next few months and 250,000 people over the next two years.
Employment Minister Chris Grayling said:
"It is clear that we are seeing the effect of the international economic crisis on the UK labour market. That’s why last week we announced the right to buy housing scheme to support growth and today we are offering more support for jobseekers as sector-based work academies come on stream, combining real training, work experience and a guaranteed interview.
"Our new Work Programme is now up and running and offers people who have lost their jobs flexible, tailored support to get back into jobs and stay there."