13 months on from the start of the Covid-19 crisis, overall unemployment has risen less than anticipated – thanks in large part to the furlough scheme. Yet the rise in unemployment that did transpire was unevenly distributed across age groups and among young people. 1/9
Since the start of the crisis, unemployment has ticked up across all age groups. But the rise was sharpest among young people, and specifically, 18-24s: between Spring & Autumn 2020, it rose from 11.5 to 13.6%, the largest quarter-on quarter-rise (18%) since at least 1992. 2/9
Even among 16-24s, we find conditions have deteriorated most among those whose pre-pandemic employment position had already been weakest. Over the course of the crisis, unemployment rose from 25-34% (9pts) among Black young people and 10-13% (3pts) among white young people. 3/9
Recent education leavers have also been badly affected: the unemployment rate among young people a year out of education rose by 4 points among both graduates and non-graduates between 2019 and 2020. 4/9
Among those of out of education for 2 years or less, nearly one-in-four young people with an Asian background are unemployed, as are more than one-in-three Black young people. And these represent large increases on 2019. 5/9
There is some good news, in that an increase in the number of young people in full-time study has helped to limit an even larger rise in unemployment – this is particularly the case for young people aged 16-17. 6/9
But all in all, our research highlights the large sacrifice young people have made in their careers over the past year & the extent to which that’s been unevenly distributed among them. Going forward policy makers should reflect on the price younger generations have paid. 7/9
This includes helping the most disadvantaged 16-24s find routes into work; ensuring quality ed & training routes are in place; & working w/educators, employment support providers & businesses to tackle bias and discrimination in the hiring process and in career progression. 8/9
Interesting figures from @ONS on young people’s career expectations this morning (ons.gov.uk/employmentandl…). While lots of young people may dream of working in media… (1/8)
…The largest proportions work in sales and care, with the share of those working in care roles growing since 2011 (2/8)
This reflects a broader pattern of young people working in lower-paying occupations than their predecessors did at the same age, as the @resfoundation Intergenerational Commission uncovered: resolutionfoundation.org/advanced/a-new… (3/8)
I wrote report for the Intergenerational Commission @resfoundation on options for boosting human capital in Britain. A full run through in the thread below. 1/19
First, things to celebrate: educational attainment in Britain has risen lots over recent decades. The proportion of young adults w/A level equivalent qualifications jumped from 37% of those born in the late 60s to 68% of those born in the early 90s. 2/19
However, reasons for concern: 1) the pace of attainment has slowed over recent cohorts (those born in the early 80s don’t look very different from those born in the early 90s); and 2) 1/3 of young people are still failing to achieve Level 3 (A level equiv) by their late 20s. 3/19