This paper provides statistics and analysis of the Coronavirus Job Retention Scheme.
Youth unemployment levels
The latest data published by the Office for National Statistics (ONS) showed that between June and August 2015 there were 683,000 unemployed people aged 16-24. This number includes 231,000 full-time students looking for part-time work.
For June to August 2015, the unemployment rate for 16 to 24 year olds was 14.8% a fall of 1.1 percentage points on the previous quarter. Thuis is 7.7 percentage points lower than the highest rate of youth unemployment recorded in the UK (22.5% in late 2011). Since records began in 1992, the lowest rate of unemployment among 16-24 year olds was 11.6% in March to May 2011.
Nor more information see: Youth Unemployment Statistics – Commons Library Briefing Paper
People claiming unemployment benefits
183,200 people aged 18-24 were claiming Jobseekers Allowance (JSA) or were out of work and claiming Universal Credit in September 2015. This was 2,400 higher than in the previous month but was 45,800 lower than the year before:
Unemployment: International Comparisons: Data on harmonised unemployment rates for major international economies.
Household debt: Data on the latest household debt statistics, including net lending, mortgage interest rates and insolvencies.