{"id":73670,"date":"2016-08-31T12:10:41","date_gmt":"2016-08-31T12:10:41","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=3eaa328111ce81ffb8c213c7982ef608"},"modified":"2016-08-31T12:10:41","modified_gmt":"2016-08-31T12:10:41","slug":"press-release-work-placements-boosting-prospects-of-young-people","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=73670","title":{"rendered":"Press release: Work placements boosting prospects of young people"},"content":{"rendered":"
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Every week young people have started an average of 2,000 work-related placements as part of a drive to tackle youth unemployment.<\/p>\n

Youth Offer figures out today show that nearly 450,000 work experience and sector-based work academy pre-employment training placements have been started since 2012 by people aged between 18 and 24.<\/p>\n

Research published earlier this year revealed that each work experience placement saves the taxpayer around \u00a3150, and sector-based work academy, \u00a3100, with participants spending less time on benefits and more time in employment.<\/p>\n

With youth unemployment running at a near-record low of 5.8% and the number of young people claiming unemployment benefits dipping to levels not seen since the 1970s, the news is being welcomed as a further sign that efforts to extend opportunities to all are having a positive effect.<\/p>\n

Minister for Employment Damian Hinds said:<\/p>\n

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The Youth Offer benefits everybody, with businesses tapping in to fresh new talent, individuals reaping the reward of a regular wage, and concrete evidence for taxpayers that our plan to help young people into work is paying off.<\/p>\n

We\u2019re making Britain a country that works for everyone, not just the privileged few and that includes our young people. We\u2019ve made good progress, with youth unemployment down by over 300,000 since 2010.<\/p>\n

But there\u2019s more to do, which is why we\u2019re introducing the new Youth Obligation for 18 to 21-year-olds to help ensure that more young people are earning or learning and have the opportunity to progress in the labour market.<\/p>\n<\/blockquote>\n

Specifically, the figures show that between April 2012 and May 2016 there were:<\/p>\n