Youth biggest recession victims?

Julia Kollewe
PA
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PA

Young people earn over 40% less than their older counterparts, and many can kiss good-bye to their dream job, having to settle for bar work or cleaning instead. They are arguably the biggest victims of this recession - sometimes dubbed the Lost Generation.

Unemployment among those aged 16 to 24 has soared to over a million, or 22.3% - a higher jobless rate than during the 1990s recession, official figures show. This is more than double the overall unemployment rate of 9%.