This is a summary of what he said.
Though both groups have a hard time in a recession, oldsters who drop off the employment ladder are having a harder time even than the youngsters taking their first steps onto it. It is this story - about the difficulty that older have finding work, that is rarely told.So there you are. Thanks Laurie for your note and the detailed analysis of the data. Dick Stroud
Too many commentators appear to have rushed in and grabbed the first figure they could find (I hang my head in shame), so anxious were they to “expose” a huge rise in youth unemployment. They all made the elementary error of assuming that those who were economically inactive were all unemployed and completely forgot that nearly one million people aged 18 - 24 are in full-time education.
When the data is adjusted for full-time education amongst the 16/17 year olds and the 18 - 24 year olds, it is quite apparent that these cohorts are faring betting than others.
That is not to say that everything is rosy - one person in ten aged 18 - 24 economically inactive is not good news. But compare it with worklessness in the 50 to State Pension Age cohort. One in four is economically inactive in this age group according to these data.
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