The ONS have released the latest Labour Market Overview covering the months of May 2023 – July 2023.
What does this mean for Youth Employment?
The latest labour market overview from the Office for National Statistics shows that the youth employment rate has increased by 0.4 percentage points to 12.7%, nearly three times the all-age rate, with 526,000 16-24-year-olds unemployed (including students).
Headlines for young people aged 16-24
In work:
Employment rate
Employment Level
52.6% (↓1.7%)
3,610,000 (↓115,000)
Unemployment:
Unemployment rate
Unemployment Level
12.7% (↑0.4%)
526,000 (↑2,000)
Economically inactive:
Economic Inactivity Rate
Economic Inactivity Level
39.7% (↑1.7%)
2,719,000 (↑118,000)
Education:
In full-time education
Not in full-time education
3,169,000 (↑33,500)
3,686,500 (↓28,000)
Worklessness:
Not in full-time education or employment
1,062,000 (↑64,500)
Economically inactiveÂ
(not in full-time education)
Unemployed
(not in full-time education)
 692,000
370,000
Headlines for all ages
In work:
Employment rate
Employment Level
75.5% (↓0.2) 16-64
32,882,000(↓47,000)
Unemployment:
Unemployment rate
Unemployment Level
4.3% (↑0.1%)
1,465,000 (↑25,500)
Economically inactive:
Economically inactive rate
Economically inactive level
21.1% (↑0.1)16-64
8,780,000 (↑88,000) 16-64
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Youth Employment UK Membership is a strategic step for organisations of all sizes who want support and recognition for their commitment to creating quality early career opportunities in line with Good Youth Employment Standards.
As experts on youth employment and co-founders of the Youth Employment Group, we are ideally placed to understand the complex landscape facing young people, employers and policy makers.
