Tag Archives: London jobs

Youth Unemployment in London, UK

Youth unemployment in London, UK is at a very high level, not seen in last 25 years. Here are some stats: 1 in 4 youth (25 percent) aged between 16 to 24 is unemployed (total 120,000 people), nearly triple the average London unemployment rate of 8.9 per cent. Together with Yorkshire, London at 25 per cent, has the worst youth unemployment rate in the UK, according to figures released by the Office for National Statistics. There is no doubt that these youth are bearing the brunt of the economic crisis unleashed by massive de-leveraging in the financial world since year 2008. It has been 5 years of reducing economic activity, and the signs of economic growth are not yet visible. The unemployment in London is highest among London’s black and Asian youth, and problem is worst in the Olympic boroughs of Tower Hamlets and Newham, which have among the highest number of young people claiming Jobseeker’s Allowance in London. Continue reading