Based on interviews with 2,265 people, aged 16 to 25, it suggests half of unemployed young people often feel anxious about everyday situations and 46% avoid meeting new people. Young people risk becoming “socially isolated” while unemployed, Martina Milburn from the trust said. Employment Minister Esther McVey said youth unemployment had seen big falls. The Prince’s Trust Macquarie Youth Index suggests 13% of people in the UK aged between 16 and 25 often feel too anxious to leave their house. But it said
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Young adults are more likely to fall foul of online banking fraud than their parents, a study shows. While the younger generation may be more tech-savvy, it seems they throw caution to the wind when it comes to online safety. A survey found under 25s are more than twice as likely to fall for ‘vishing’, where fraudsters obtain personal details of a victim over the phone. Research found one in six people aged between 18 and 25 would willingly transfer money
More than half of British businesses say young people do not have the right skills for the job when they leave school. But it’s not just an issue for sectors such as high end engineering. More than one in 10 hotels and restaurants are having problems filling vacancies. Read more
Long-term youth unemployment is costing taxpayers more than £180m a year, according to new analysis by Labour. Rachel Reeves, the shadow Work and Pensions Secretary, seized on the figures, arguing that youth unemployment was “a huge waste of [their] talents and potential”. Nearly 30,000 people aged 24 and under have been on the dole for longer than a year and each is estimated to cost the economy £6,243 a year in benefits and lost tax revenue. A Department for Work and Pensions
