Monday, 5 August 2013

New Measures to Counter Youth Unemployment

via More, Different and Better by Nicola Aylward

Whilst youth unemployment has fallen by 59,000 since the launch of the Youth Contract in April 2012, figures published last week by DWP show that the scheme has fallen substantially short of original targets.

This flagship scheme has funding to pay 160,000 wage subsidies of £2,275 to employers who recruit and retain an eligible young person for 6 months or more.

After 12 months, however, only 4,690 subsidies have actually been paid.

So why the considerable shortfall in take up?

And what does this tell us about the future prospects for the latest initiative to help young people into work – Traineeships?

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