People looking for their first job have long had a raw deal in the labour market. The effects of the financial crisis in 2008 meant employers disproportionately scaled back recruitment of entry level jobs and the most recent ONS statistics concerning those Not in Education, Employment or Training (NEET) say there are still 954,000 young (16 -24) NEETs.
The shopping is done, the presents are wrapped and plans have been made. Yes, Christmas is just around the corner. And before we know it, we'll be toasting in the New Year. People say things tend to quieten down for businesses around this time of year, but this certainly hasn't been the case in the skills and employment arena. Quite the opposite, in fact.
They are more likely to be following the maxim, "Live longer, work longer," but how much work do they actually do? Being "self-employed" may seem preferable to being "retired" and definitely better than "unemployed," even if many of the self-employed are in tiny jobs, working only a few hours a week. In truth, some may be happy with that, but not all are.
Unemployment has shown a big fall in the last three months and now stands at 7.1% of the working population. But coverage of the issue has focused on the likely result of this fall on interest rates. Mark Carney, the Governor of the Bank of England, has said he will not raise interest rates, which have been stuck at 0.5% since 2009, until unemployment drops to 7%.