October economy update

The latest figures from the Office of National Statistics indicate that 2.47 million people are now out of work. This  means unemployment levels have now hit 7.9%, up from 7.6% three months ago. The government are applauding themselves on this slow down and hailing it as “signs of a recovery” despite the fact that the level is still higher than it was three months ago!

The recession is hitting young people hardest, with 1 in 6 16-24 year olds seeking work. Hardest hit of all are the 16-18 year olds with 1 in 3 job seekers out of work. Not the ideal start to your working life and there are calls for corporations to extend internships and apprenticeships in order to help support their local community.

The Prince’s Trust has developed a scheme targetting those 16-25 year olds who need the most support. This includes those that have been long term unemployed, those leaving care and educational under achievers. Offering a free 12 week course, the Trust’s Team Programme will help build confidence, offer work experience, practical skills and community projects that will boost CVs and enable young people to feel more confident about tackling a daunting jobs market.

For more information go to : http://www.princes-trust.org.uk/

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