Figures released today show that youth unemployment has hit a record high, with a dramatic increase in the number of young people on the dole long term.
The total number of young people out of work has hit 1.02 million; the highest level since comparable records began. This comes on the same day that overall unemployment increased to 2.62 million and female unemployment hit its highest level for 23 years.
Commenting on today’s figures, Bob said:
“Today’s unemployment statistics are a damning indictment of the Tory-led Government’s economic policy. These figures are a wake-up call for the Government and show they need change course on the economy now.
“The real worry is that we are seeing the scar of long term youth unemployment return to our area. Since January there has been nearly a 300% increase in the number of young people on the dole for six months or more in Coventry.
“It’s clear we need urgent action to tackle this problem now. Labour’s 5 point plan for jobs and growth would get Coventry moving again. Labour’s youth jobs fund, paid for by a £2 billion tax on Banker’s bonuses, would fund 100,000 jobs nationwide and could get 8,500 young people back into work in the West Midlands alone
“We need to get people back to work and off benefits, or the scar of unemployment will do long term damage.”
You can view labour’s plan for jobs and growth here