#youth-employment-crisis

#youth-employment-crisis

London's 7.3% unemployment rate contradicts its economic status, driven by employer hesitancy due to rising National Insurance, minimum wage increases, and employment law changes that raise hiring risks and costs.

UK unemployment is forecast to peak at 5.3% in 2026, the highest since 2020, with young people disproportionately affected as firms reduce hiring rather than laying off staff.