General Article Overqualified and underemployed: a sombre snapshot of the labour market for young people

Topic Selected: Careers and Employability Book Volume: 405

Graduates feeling let down

Young people across OECD countries have been disproportionately affected by the economic impacts of the COVID-19 pandemic. According to a recent article in the Financial Times, the percentage of unemployed under-25s rose from 11.5 in February 2020 to 12.95 in June 2021. In comparison, unemployment among those aged 25 and over increased by less, from 4.5 to 5.6 percent over the same period.

Young people have experienced a kind of wake-up call through the impacts of the pandemic, growing increasingly aware of the wealth gap between generations. This, paired with their dissatisfaction with democracy and frustration about their weak influence on politics in ageing populations, may be contributing to a radicalisation of the young, writes the FT.

Recent graduates disadvantaged in the job market

Young people in the United Kingdom face extra hurdles on the job market. Recent graduates – those who have left full-time education less than five years ago – are more l...

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