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Tag: unemployment
2009-01-08 00:15:55| USATODAY.com Money - Top Stories
The job market was even weaker than earlier thought at the end of 2008, according to new data that do not offer hope that the ...
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2009-01-05 01:03:32| Guardian Unlimited Business - more business news
The government is considering raising the school-leaving age to 18 immediately, as a way of combating the huge rise in unemployment, particularly among the young, that it expects to see this year.The proposal tops a list that Gordon Brown's advisers have put together ahead of a jobs summit they will hold next Monday, sources have told the Guardian.There are also proposals to accelerate the filling of existing vacancies at local authorities and to offer employers a national insurance "holiday" for any new workers they take on.The government has just brought in legislation that would ensure that all 16- and 17-year-olds remain in school, training or an apprenticeship until they are 18, but that only applies to children who turn 11 this year, and so does not effectively start for another five years.With unemployment already having risen by a quarter of a million and with many experts expecting it to jump by another 1 million or more over the next year, ministers are looking at all possible solutions.The prime minister talked at the weekend of further investment in infrastructure and "green" jobs, but there is concern in Whitehall that this would not come quickly enough to prevent a big rise in joblessness. The British Chambers of Commerce warned at the weekend that one in 10 British workers could lose their jobs in the current recession. Research also shows that Britain has one of the biggest youth unemployment problems of any country in the world. Latest figures show that of the 137,000 rise in unemployment in the three months to October, 55,000, or 40%, were in the 18-24 age bracket. While the country's overall jobless rate is currently 6%, among 18-24-year-olds it is 14% and among 16-17-year-olds it is 26%."As unemployment rises the cost of keeping people in education or training falls. So doing that and having more teachers to teach them makes sense," said one source. "You will have some 17-year-olds who will be cross at having to stay on, but that is better for them than being on the dole."In 1999, young people accounted for around a fifth of all unemployed, but by 2008 that had risen to almost 30%.A spokeswoman for the Department for Children, Schools and Families said she was not aware of any plans to accelerate the introduction of the raising of the "participation" age in education or training that was recently passed into legislation.The last time the school leaving age was raised, to 16, was in 1972 under Margaret Thatcher, then education secretary. In 2006, Alan Johnson proposed the recent legislation to raise the school and training age to 17 by 2013 and 18 by 2015.Unemployment in Britain stood at 1.86 million at the end of October, and many experts predict it will rise to around 3 million over the next 12-18 months.14 - 19 educationSchoolsStudentsGordon BrownEducation policyUnemployment and employment dataEconomicsguardian.co.uk © Guardian News & Media Limited 2009 | Use of this content is subject to our Terms & Conditions | More Feeds
2008-12-25 12:40:16| Forbes.com News
But a proposed government package may prevent a repeat of the 1990s.
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