Wednesday 16 November 2011

Youth joblessness milestone is the true mark of government economic strategy

Commenting on the latest unemployment figures published today (Wednesday) by the Office for National Statistics, Midlands TUC Regional Secretary Rob Johnston said: “Today’s milestone of more than a million young people being out of work is the true mark of the government’s economic strategy.
“Government plans to offer cut-price work experience are a woefully inadequate response. The Prime Minister must stop the risk of losing a generation to unemployment and under achievement by guaranteeing a job or high quality training to every young person out of work for six months.
“But the UK’s jobs crisis is not confined to youngsters. Overall unemployment is now rising at a rate not seen since the worst days of the recession. And wage rises are falling at a faster rate than inflation.
“Rather than using the Eurozone as an excuse for our mounting economic troubles, the government should be using it to change course. The 2.6 million people out of work is the clearest sign yet that self-defeating austerity is not working.”

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