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Unemployment is falling and job vacancies have surged in the U.K., creating a job market that favors young British employees.

Dec 15 2021

Unemployment is falling and job vacancies have surged in the U.K., creating a job market that favors young British employees. YPulse explored The Great Resignation in our What’s Next for Work trend research, which went deep into how the pandemic has provoked young workers to reassess not only their jobs, but their entire relationship with work. Our data shows that 40% of employed young Europeans plan to leave their current job in the next year, while 20% of Millennials have quit their jobs in the past year—and most are confident they’ll find something better. In fact, even as unemployment plummets, U.K. firms report a chronic shortage of workers, which is forcing them to raise wages—giving young Europeans better prospects. (Bloomberg)