Youth unemployment has dropped but the jobs issue still remains
Employment figures published today reveal a drop in unemployed young people – but underlying statistics show that there are now fewer 16-24 year olds in work.
The apparently encouraging drop in youth unemployment, down 9,000 to 1.03 million, actually represents an increase in economically inactive 16-24 year olds (e.g. those in education not looking for work). Conversely the number of young people in work now stands at 3.63 million, down 13,000. Commenting on today’s figures, leading graduate internship provider Inspiring Interns believes that this drop clearly demonstrates the jobs issue still remains.
Employers are put off employing young people because of a lack of experience and the perceived risk associated with such a hire. Author of Brilliant Intern and Inspiring Interns Communications Director, Andrew Scherer, believes internships are the ideal model to bridge this gap, allowing graduates to develop skills and valuable work experience while de-risking the proposition for employers;
“We know from extensive experience that well-run internships are a solution to the graduate unemployment crisis. 65% of interns placed by Inspiring Interns go on to permanent paid roles. A good internship will provide mentoring and teaching so that, on completion of the placement, the intern can become a valued and informed employee. There should always be scope for paid employment after the internship period providing the intern has met the expectations of their employers.”
Inspiring Intern Rob Mayo, an English Language and Literature graduate who had faced a host of rejections because of a lack of relevant experience, gained a marketing internship with an online tech start-up through Inspiring Interns. Rob has since been taken on by his host company and had this to say about his internship experience;
“It seems pretty much impossible to get a job without industry-specific experience, which makes life incredibly difficult for graduates who haven’t done a vocational degree. I’d probably still be searching if I hadn’t contacted Inspiring.”
Since being founded in 2009, London’s leading internship provider has placed over 1,500 graduates into internships with SMEs that have offered real hands-on experience, 65% of whom secured full-time work with their host company.