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Statistics for June 2010 show that there are 926,000 young people under the age of 25 who are unemployed which equates to an unemployment rate of 19.6% among young people. [2] This is the highest youth unemployment rate in 17 years. [3] In November 2011 youth unemployment hit 1.02 million, [4] but had fallen to 767,000 by August 2014. [5]
According to The Economist, in 2015 roughly 2% of welfare expenditure in the UK was spent on unemployment benefits; the bulk was spent in other areas. [21] The average number of claimants between the years 2003 and 2008 was 814,000 and average number of new claims was approximately 2,463,000. [22]
The unemployment rates within this group varied: young men faced a 10.1% unemployment rate, while young women had a slightly lower rate of 9.1%. In terms of ethnicity, the unemployment rate for young whites was 8.0%, for young blacks it was 16.2%, for young Asians it was 9.9%, and for young Hispanics, it was 10.1%. [91]
The Enterprise Allowance Scheme was an initiative set up by Margaret Thatcher's Conservative UK government which gave a guaranteed income of £40 per week to unemployed people who set up their own business. [1] It was first announced on 13 November 1981, [2] and piloted between January 1982 and July 1983, funding 3,331 individuals. [3]
The Unemployment Insurance Act 1920 created the dole system of payments for unemployed workers in the United Kingdom. [8] The dole system provided 39 weeks of unemployment benefits to over 11,000,000 workers—practically the entire civilian working population except domestic service, farmworkers, railway men, and civil servants.
There is some data available on UK unemployment rates from before 1971 but it is not consistent with the current international definitions as it is more closely related to the Claimant Count. UK unemployment surged to a two-year high of 4.4%, with job vacancies dropping by 12,000 to 904,000 in 2024.
The New Deal had, as its signature, the power to withdraw benefits from those who 'refused reasonable employment'. 'Workfare' in the UK can arguably be traced back to 1986, and compulsory 'Restart' interviews for claimants after a certain period, and as such the first introduction of 'conditionalities' with the possible outcome of 'sanctions' for perceived non-compliance.
A 2016 report by the Organization for Economic Co-operation and Development (OECD) revealed that 580,000 young Australians (aged 15–29), or 11.8%, fall under the classification (for 2015). [28] The report also revealed that the number of NEETs has soared by 10,000 since the Global Financial Crisis (GFC) and now account for one in eight ...