Post by Bugs on May 26, 2009 7:24:17 GMT
Britain's poorest youngsters are bearing the brunt of the recession, according to a new report.
Jobless figures have risen as companies cut their intake of graduate employees
Research carried out by the Prince's Trust and Cass Business School suggests young people - especially those in deprived areas - are the hardest hit with 425,000 people under the age of 25 now claiming Jobseeker's Allowance.
One in six young people are claiming Jobseeker's Allowance in some areas of the UK, including Merthyr Tydfil, South Wales and Wansbeck, Northumberland.
This figure has risen to one in five young people in Blaenau Gwent, South Wales.
The Prince's Trust warns that local charities set up to help disadvantaged young people are facing an upward spiral in demand just as the economic climate threatens funding.
To make matters worse, a survey of 500 companies released today by the Chartered Institute of Personnel and Development (CIPD) shows that only one in five firms plan to take on 16-year-olds leaving school in the next few months.
A third of the companies questioned also said they had cut the number of graduate employees they had been planning to take on this year and nearly half of them said they were not planning to recruit from either group.
Cathy Pharoah of the Cass Business School told Sky News Online it is important to invest in young people.
"It's extremely important that we don't allow a generation to fall by the wayside because of the recession. It will be very hard for those people to catch up later when things pick up," she said.
"Young people living in the most deprived areas are going to find it tough. That's where unemployment will hit hardest, that's where there will be the least money for local fundraising and sponsorships.
"Young people living in deprived areas are going to bear the brunt of the recession's impact on the youth sector."
Jobless figures have risen as companies cut their intake of graduate employees
Research carried out by the Prince's Trust and Cass Business School suggests young people - especially those in deprived areas - are the hardest hit with 425,000 people under the age of 25 now claiming Jobseeker's Allowance.
One in six young people are claiming Jobseeker's Allowance in some areas of the UK, including Merthyr Tydfil, South Wales and Wansbeck, Northumberland.
This figure has risen to one in five young people in Blaenau Gwent, South Wales.
The Prince's Trust warns that local charities set up to help disadvantaged young people are facing an upward spiral in demand just as the economic climate threatens funding.
To make matters worse, a survey of 500 companies released today by the Chartered Institute of Personnel and Development (CIPD) shows that only one in five firms plan to take on 16-year-olds leaving school in the next few months.
A third of the companies questioned also said they had cut the number of graduate employees they had been planning to take on this year and nearly half of them said they were not planning to recruit from either group.
Cathy Pharoah of the Cass Business School told Sky News Online it is important to invest in young people.
"It's extremely important that we don't allow a generation to fall by the wayside because of the recession. It will be very hard for those people to catch up later when things pick up," she said.
"Young people living in the most deprived areas are going to find it tough. That's where unemployment will hit hardest, that's where there will be the least money for local fundraising and sponsorships.
"Young people living in deprived areas are going to bear the brunt of the recession's impact on the youth sector."
