The largest increase in unemployment in nearly two years was mirrored by a rise in the number of jobless youths. The country’s jobless rate rose to 2.51million, or 7.9%, between May and July after the total number of unemployed increased by 80,000. At the same time, the number of unemployed 18-24 year old’s surged by 77,000 to 769,000 the Office for National Statistics said. The total number of people claiming Job Seekers Allowance rose by 20,300 to 1.58million in August, the highest level since January 2010.
FranchisingWorks is working closely with JobcentrePlus around Greater Manchester to introduce franchising as an option to unemployed people as a means of running their own business. FranchisingWorks is also looking at ways in which franchising can offer young people an ‘apprenticeship into entrepreneurship’.