There were 1.07 million young people (aged from 16 to 24) in the UK who were Not in Education, Employment or Training (NEET), down 19,000 from April to June 2013 and down 28,000 from a year earlier
The percentage of all young people in the UK who were NEET was 14.9%, down 0.2 percentage points from April to June 2013 and down 0.3 percentage points from a year earlier.
Just over half (55.0%) of all young people in the UK who were NEET were looking for work and available for work and therefore classified as unemployed. The remainder were either not looking for work and/or not available for work and therefore classified as economically inactive.
73.4 million young people – 12.6 % – are expected to be out of work in 2013, an increase of 3.5 million between 2007 and 2013.
The global youth unemployment rate is projected to reach 12.8 per cent by 2018
In advanced economies, the youth unemployment rate in 2012 was 18.1 per cent. It is likely to remain above 17 per cent until 2015 and is not predicted to drop below 17 per cent before 2016. In Greece and Spain, more than half of the economically active youth population is unemployed.
The share of young people being out of work for at least six months is also increasing. In the OECD countries, more than one third of young, unemployed persons were classified “long-term unemployed” in 2011 – up from one quarter of the unemployed in 2008.
The number of NEETs in advanced economies – those neither in employment, nor education or training is growing and stands at one in six – putting them at risk of labour market and social exclusion.