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Unemployment has increased by 155% since 2008. Consequently 20% of today’s youth are out of work, a figure which is estimated to rise. The graph below clearly shows after a steady decline through the 1990’s and a plateau in the first half of this century, there has been sharp, dramatic rise in unemployment since 2007. This rise has coincided with the global recession and its aftermath. There is great concern for areas like Ladywood in Birmingham, which is recorded to have the highest level of youth unemployment in the UK. Also Rugby in the West Midlands was seen to have the largest rise in youth unemployment within one month, a 12% rise. Graduates similarly are struggling in finding employment, particularly employment opportunities that meet their skills base, 21% of graduates are working in part-time work or going on into further study and about 3.5% of graduates are currently unemployed.

(Guardian, 2011)
One solution to this crisis is through the help of micro and small business, charities and the Third Sector. Many small business need to look at the field of youth as a resource to utilise and engage with it. Young people’s lack of experience is often seen as a barrier for them to enter into the workforce and as a result other skills young people may have that could benefit a business may not be considered. Companies that actively seek to employ students and graduates under the age of 25 in order to produce a youthful and innovative workforce benefit from having fresh skills that have developed and adapted new and effective ways of working. This has brought about a new host of innovation and entrepreneurial vibrancy, which consequently boosts productivity and helps establish new businesses. Small business, charities and third sector groups should seek to employ young people and adopt new government schemes, like Nick Clegg’s £1 billion investment scheme that provides subsidies for hiring young people, so that they too can benefit from the great resources young people have to offer. Tackling this issue is important for making our next generation successful.
(Sources: BBC, Guardian, Redbrick)
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