Britain has a Hidden Unemployment Crisis, Especially for Young Workers

IAB reports an increase to 1.6 million. According to DGB, the number is much higher.

While Germany is urgently looking for skilled workers, the proportion of young people without vocational training is increasing. A new evaluation from Nuremberg shows what could be the result.

More and more young people in Germany do not have vocational training. This is not only an effect of immigration. The number of German nationals is also increasing.

In Germany, the number of young people who do not have training is increasing. Especially often, migrants are. A paradoxical role is played by the minimum wage.

Britain has a Hidden Unemployment Crisis, Especially for Young Workers

The U.K. labor market was in good shape coming out of the pandemic. With vacancies high, recruiters were struggling to fill positions and employers competed fiercely for workers. Alas, the outlook has changed quite dramatically since then. While the unemployment rate has remained relatively low, labor demand has plummeted. Job postings are now well-below 2019

Many companies have problems finding skilled workers. Often it is already hard on the training.