Key facts
- Youth unemployment is projected to reach 18%.
- This would be the first time in over a decade that youth unemployment has reached this level.
- Calls have been made for Labour to cut taxes on jobs.
- Unemployment is projected to hit 2 million under Labour, according to a business group.
- The 16-24 age group is most affected by the lack of jobs.
The UK's youth unemployment rate is a key indicator of the health of the labor market and the effectiveness of government policies aimed at supporting young people entering the workforce. A business group has warned that unemployment could reach 2 million under Labour, with the 16-24 age group being the most affected. The projected youth unemployment rate of 18% would be the first time in over a decade that it has reached this level, prompting calls for Labour to cut taxes on jobs.