A report suggests UK youth unemployment could rise to 1.25 million. Readers offer advice to young job seekers, emphasizing networking, self-belief, skill development, and maintaining well-being amidst job search challenges.
Thousands of young people in the UK, like Thomas and Hannah, face prolonged unemployment, relying on universal credit and struggling with low-paying jobs or no work at all. The crisis is exacerbated by the cost of living, the impact of COVID-19, and the rise of AI.
While AI's growth might suggest a need for STEM focus, humanities are crucial for human uniqueness and thriving in an AI-driven world.
The Netherlands' 'no dead ends' education and employment system achieves a low 4.9% NEET rate among 18-24-year-olds, compared to the UK's 15.1%. Key strategies include compulsory education/training until 18, early streaming into vocational or academic tracks, work-study pathways, and state-supported apprenticeships, providing hands-on experiences and employer partnerships.
Marks & Spencer is introducing a paid training scheme for 16-24-year-olds, offering 1,000 places in the UK and Ireland to combat rising youth unemployment, where over 1 million young people are not in employment, education, or training.
Silicon Valley is experiencing an AI boom with massive compensation for tech talent, but beneath the surface lies anxiety about job automation and potential economic disparity. The article explores the global implications, with Europe, Africa, and Latin America lagging behind, while India and China face unique challenges in harnessing AI's potential and managing its societal impact.
New York Fed research indicates remote work accounts for 64% of the rise in youth unemployment since the pandemic, as employers find it harder to train new graduates remotely. This trend may have lasting consequences for early-career experiences.
Canada's youth unemployment is surging, with the 15-24 age group hitting 14.3% in April, a level not seen outside major crises. Young people like Zack Williams and Angie Naddour in Montreal are struggling to find work, even entry-level positions, as the country enters a technical recession.
A former Labour minister and economists argue Brexit was a complex issue with no easy solutions, leading to significant economic costs for the UK. Studies suggest GDP per head is 8% lower than if the UK had remained in the EU, with investment and productivity also impacted.
Marc Bolland, former CEO of Marks & Spencer, has been appointed by the UK government to lead a business-driven initiative to reduce youth unemployment, following a review by Alan Milburn warning of a 'lost generation' with 1 in 6 young people at risk of being out of work, education, or training by 2028.
Lord Wolfson, CEO of Next, highlighted a surge in job applicants, signaling a youth unemployment crisis. He urged the government to cut employer taxes and minimum wage hikes, advocating for economic growth as the primary solution.
Two letters discuss the failings of the UK education system in preparing young people for employment and the challenges of youth unemployment, contrasting current difficulties with easier job prospects in the past.
A government report commissioned by Labour will warn of a "catastrophic systems failure" in tackling soaring youth unemployment, urging a "system reset" and overhaul of health and disability benefits. Alan Milburn, leading the review, criticized the lack of a cohesive strategy and called for a participation-first approach.
India, the world's most populous nation, faces declining fertility rates. Some policymakers and Hindu groups advocate for larger families, with the southern state of Andhra Pradesh proposing financial incentives for third and fourth children to counter this trend.
Retail group with 4,800 stores worldwide expects drop in profits this year amid ‘muted market’Business live – latest updatesThe sports fashion retailer JD has said that profits will fall this year amid a “muted market” hit by concerns about the Middle East conflict and weaker spending by young people facing rising unemployment.The company, which runs 4,800 stores worldwide including the JD, Blacks and Millets chains in the UK, said it expected profits of between £750m and £850m in the year ahead, after reporting £852m in the year to the end of January. Continue reading...
A Chinese court has ruled that companies cannot terminate employees solely to replace them with artificial intelligence systems. The Hangzhou Intermediate People's Court found that a tech firm in eastern China illegally fired a worker who refused a demotion after his job was automated by AI. The court stated the termination did not meet legal conditions for laying off staff due to business downsizing or operational difficulties. The ruling highlights China's balancing act between promoting AI development and maintaining labor market stability amid slowing economic growth and elevated youth unemployment.
Beijing has pledged to expand vocational training for young jobseekers this year, as it looks to help millions of unemployed graduates find work in emerging industries such as robotics and AI. But the policy drive – which includes plans to encourage university graduates to return to technical school – has drawn mixed reactions from a generation already hit hard by China’s youth unemployment crunch. The Ministry of Human Resources and Social Security vowed on Tuesday to upskill 1 million young...
Young Chinese graduates are facing severe challenges in the job market amid deflationary pressures and economic uncertainty. Bai Xi, a finance and management graduate from Hebei province, is among many who failed local-level civil service exams after months of preparation and part-time work. She has given up on retaking the exams, citing exhaustion and the belief that further attempts would be a waste of time.
