'Robin Hood' Labour to take from bankers and give to young jobless

Mon, 10/03/2014 - 18:40 -- nick

The Labour party has announced a plan to tax bankers' bonuses to pay for a job guarantee for young unemployed people.

The party wants to have its cake and eat it though; a job would be provided to all under-25s who had been unemployed for more than a year, but the would lose benefits if they turned it down.

The language of 'guarantees' versus ' compulsory' mean it is not clear whether Miliband and Balls are pro- or anti-unemployed.

Millionaires to blame for youth jobs crisis - report

Wed, 09/10/2013 - 11:13 -- nick

Millionaires are to blame for the European youth jobs crisis, according to a report in the New Statesman.

At least 26 million are unemployed in the continent, and many of them are moving country in order to find work.

There are now 8 million fewer Europeans aged 20 to 24 compared with 1989, so the problem isn't the number, and they are better qualified than their parents, so skills aren't the problem.

The magazine blames millionaires, citing the figure that while 170 bankers in Germany earn more than 1 million Euros each year, in London that figure is 2,400.

High unemployment leads to big drop in young people's income

Fri, 14/06/2013 - 11:05 -- nick

High unemployment and low wages have lead to a big drop in income for young people in the UK.

A report by the Institute for Fiscal Studies (IFS) has found that shrinking benefits, unemployment which peaked at over 1 million and wages which have been rising at a slower rate than inflation have all meant that those aged under-25 have seen an average drop of 12% in their incomes since 2007.

This was the biggest decrease faced by any age group over the course of the economic downturn.

Youth unemployment creates worldwide risks

Wed, 08/05/2013 - 17:19 -- nick

The dire worldwide unemployment situation for young people is storing up grave risks for the future, the International Labour Organisation (ILO) has said.

In its Global Employment Trends for Youth 2013 report, the ILO warns the global recession has become so entrenched in some countries that many young people have given up looking for work.

Across the globe, young people are more than three times as likely as other adults to be unemployed.

Young unemployed more likely to be depressed

Wed, 02/01/2013 - 12:17 -- nick

Young unemployed people are more likely to be depressed than those in work, The Prince's Trust has found.

Its fifth annual survey in to happiness found that 27% of those aged 16 to 25 who were in work reported that they felt depressed, compared to 48% of those who were not in employment, education or training (NEET).

Businesses asked to help tackle youth unemployment

Tue, 20/11/2012 - 18:33 -- nick

Businesses are being asked to get involved to help tackle youth unemployment at the launch of the Government’s 'Youth Contract: Works for me' campaign.

Over the next two weeks the Department for Work and Pensions will be promoting the campaign in newspapers and on radio in areas with high levels of youth unemployment.

Targeted at employers, it aims to raise awareness of the benefits of giving a young person a chance through the Youth Contract.

Youth unemployment 'set to rise'

Wed, 05/09/2012 - 15:47 -- nick

Global youth unemployment will continue rising over the next five years, according to a new report from the International Labour Organization.

The effects of the euro crisis will spill over from developed to emerging economies, the ILO says, pushing youth unemployment to almost 13% by 2017.

The ILO warned that many young people have given up hope of ever finding a job.



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