The Creative Society is an arts employment charity that helps young people into jobs in the creative and cultural industries.
Neet numbers are on the rise. The proportion of 16 to 18-year-olds not in education, employment or training (Neets) increased from 9.7% to 10.3% during 2008 and will surely have risen further in the last six months. It does not bode well for the long-term health of the economy.
New figures suggest that more than 208,000 teenagers- more than one in ten- are now not in employment or training. But if young people are not plugged into the economy at an early age, the long-term capacity of the economy is threatened. Such economic “hysteresis” was last seen during the recession of the 1980s and can have grave consequences for future generations.
Young people who are unable to enter the workplace are likely to remain under-skilled and demotivated. If new generations cannot gain employment experience, then they will not acquire the skills necessary to contribute to economic recovery.
New Deal of the Mind noted several weeks ago worrying new research that revealed 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 is forcing many young people to remain in education as a means of sitting out the worst of the recession. But they can’t stay in education forever. Sooner or later they’ll need a job, and jobs are pretty thin on the ground right now.