The Creative Society is an arts employment charity that helps young people into jobs in the creative and cultural industries.
50% of UK companies will not recruit this summer
New research has revealed that nearly 50% of British companies are not planning to recruit school and college leavers this summer whilst a third of employers intend to reduce the number of graduates they hire.
This latest quarterly research by the Chartered Institute of Personnel and Development makes for depressing reading. Unemployment has hit a twelve year high of 2.2million and in a matter of weeks hundreds of thousands school and university leavers are to flood a contracting job market.
The Future Jobs Fund, announced in last month’s Budget, has been set up with the task of creating 150,000 jobs for 18 to 24-year-olds who have been out of work for a year. The government has pledged that by 2010, everyone in this age group who has been unemployed for a year will get an offer of a job or training lasting at least 6 months.
But this will take time. In the meantime, young people continue to bear the brunt of the recession. There has been an 80% increase in claims for Jobseekers’ Allowance within the 18 to 24 age group in the last twelve months. This figure is surely set to rise even further this summer.