"A major boost will be the greatly extended youth jobs guarantee, offering six-month-long subsidised-wage roles for unemployed 18- to 24-year-olds. And a youth jobs grant will offer employers a 3,000 subsidy to hire young people who are on benefits and have been out of work for six months. It mirrors the Future Jobs Fund that Labour brought in, after the financial crash, in 2009 one of its most successful programmes, which boosted participants' chance of employment by 27%."
"Labour will reform the apprenticeship levy, for too long used to invest in existing staff, and focus it on young people and new starters, with a 2,000 grant encouraging smaller employers to take on each of 50,000 new apprentices. All told, the government aims to create 200,000 more jobs."
"New Labour's new deal for the young unemployed levered large numbers of people into work, but in 1998 the economy was on the upswing. Now, economic stagnation has resulted in falling vacancies and rising unemployment. And Donald Trump's war threatens much worse in the future."
Labour has introduced a comprehensive youth employment initiative to combat rising unemployment among 18- to 24-year-olds, with nearly a million young people currently not in education, employment, or training. The programme includes an extended youth jobs guarantee offering six-month subsidised-wage roles, a youth jobs grant providing employers £3,000 subsidies for hiring long-term unemployed young people, and reformed apprenticeship levy funding with £2,000 grants for smaller employers. This mirrors Labour's successful Future Jobs Fund from 2009, which increased employment chances by 27% and generated £7,750 net gains per participant. The government targets creating 200,000 additional jobs, addressing the challenge of economic stagnation and falling vacancies that make youth employment significantly harder than during New Labour's 1998 expansion.
Read at www.theguardian.com
Unable to calculate read time
Collection
[
|
...
]