Bulletin

Job prospects grow as apprentices fill skills gap

The latest quarterly survey of 900 companies from the CIPD suggests that job prospects are brightening for Britain's young people as employers plan to hire more apprentices to deal with skills gaps in their workforces. Half of respondents said they will react to 'hard-to-fill vacancies' by giving more training to their existing staff, while a third will hire more apprentices, up from 22% in spring 2014. A quarter will hire more graduates. The CIPD survey adds to evidence that young people's fortunes are finally improving after they suffered a worse deterioration in living standards than any other group during the financial crisis. Unemployment among 16 to 24-year-olds has dropped from 22.5% in 2011 to 15.9%, though it still remains higher than the pre-crisis figure of 13.8%. However the proportion of young people who find jobs within three months of leaving education has risen sharply over the past year and is now approaching its pre-recession level.

 

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