Latest employment statistics highlight dramatic deterioration in employment prospects for young workers
The CIPD responds to the latest jobs data from the ONS
Gerwyn Davies, senior labour market analyst at the CIPD, said:
“While today’s figures show a welcome increase in the number of people in employment among those aged 25 to 64, the real concern is the very sharp decline in employment of young people at a time when a new cohort of college and university leavers are looking for jobs.
“Given we know that overall employment prospects are likely to deteriorate considerably over the next few months as a result of the closure furlough scheme and economic conditions, the Government will need to consider additional support beyond Kick Start to boost the job prospects of 16-24 year-olds. For example, there is a need to boost investment in life-long learning and provide further bespoke support for the unemployed including employability skills development and jobs brokerage support.
“There is also a strong case for the Government to consider a short time working subsidy for the worst hit sectors to protect employment levels over the winter.”
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