UK Unemployment Crisis Why Falling Jobs Could Hit Young Workers and the Economy Hardest
- UK unemployment stayed at 4.9% as job vacancies fell to 707,000.
- Payrolled jobs fell by 13,000 in June and an estimated 13,000 in July.
- ONS counted 1.012 million young people outside work, education, or training.
UK unemployment held at 4.9% as employers reduced payrolls and vacancies fell to 707,000. Payrolled employment declined by 13,000 in June, while provisional July figures recorded another 13,000 reduction. Young people face the narrowest route into work as graduate and entry-level openings contract.
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