The Office for National Statistics (ONS) has published the latest monthly statistics on the labour market. Key figures show:
- In the three months to July 2014, there were 3.76 million 16 to 24 year olds in employment.
- There were 747,000 unemployed 16 to 24 years olds, down 106,000 from the previous quarter (and down 213,000 on the same quarter in 2012-2013).
- The unemployment rate for 16 to 24 year olds was 16.6%, down from 18.5% in the previous quarter (and down from 21.0% on the same quarter in 2012-2013).
- The number of 16 to 24 years olds unemployed for over a year decreased to 200,000 (from 240,000) and the number unemployed for over two years decreased to 84,000 (from 103,000).
- There are 237,000 unemployed young people who are not in education and do not claim Jobseeker’s Allowance, 48.5% of all unemployed young people who are not students.
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