Last week, new numbers of the labour market situation were released for the UK. The number of young job seekers reached 1 mio., an all time high and a further deterioration of a long-standing problem in the country. I have been commenting these numbers on the BBC World Business Report:
Clearly, the situation is likely to worsen even further given the current macroeconomic outlook. But the government can also do a lot to help these young people getting into their first job more rapidly but maintaining training measures and hiring subsidies for businesses.