Only Half of Britain’s Young People Have Paid Work, IFS Says

Just half of 16 to 24 year-olds in the UK were in payrolled work at the end of last year, according to Institute for Fiscal Studies analysis that underscores the scale of the country’s escalating youth jobless crisis.

The proportion, 50.6%, has fallen from 54.9% at the end of 2022, a drop similar in scale to the pandemic and the 2008 financial crisis, the study of administrative data found.