Official figures, released by the Office for National Statistics today, show that youth unemployment has halved since 2010.
The figures also show that the unemployment rate of 4.0% has not been lower since 1975. Real wages are up for the seventh month in a row, rising by 0.7% above inflation and employment remained high at 75.5%, up 0.4% points on the year.
The proportion of young people who are unemployed is at a new record low, as more than 120,000 more young people have a job than in 2010. At the same time, fewer children are now growing up in a home without any adults in work than ever before. There are 637,000 fewer children in this position than in 2010, helping inspire more young people into work themselves. Read more