Young people considering move abroad because of lack of jobs

by Ray Clancy on March 21, 2011

Brits seeking greener pastures elsewhere

An increasing number of young British people are considering moving abroad because of lack of jobs, according to a new survey.

The lack of job prospects in the UK means that more than half of 18 to 25 year olds questioned said they were seriously considering emigrating with Australia the most popular prospective destination followed by Canada and then China.

The survey by London based Student Currency Exchange found that nearly 65% of young people are contemplating relocating abroad, with 52% saying that it was a serious consideration.

‘Job prospects in the UK are extremely gloomy for young people with youth unemployment at its highest since records began and things don’t look like they’re going to improve anytime soon,’ said Adrian Jacob, of Student Currency Exchange.

‘It makes sense that young people are looking to go where there are more job opportunities and quite probably a better quality of life,’ he added.

The findings come after figures recently revealed that more 16 to 24 year olds in the UK are out of work than ever before. Total unemployment reached a 17-year high, jumping by 27,000 in the three months to January.

The number of young people out of work increased by 30,000 to 974,000, the highest since records began in 1992, with a record rate of 20.6%. The number of people classed as economically inactive also increased, up by 43,000 to 9.33 million, including 2.3 million looking after a family.

Student Currency Exchange offers services to students throughout the world. ‘The rates we offer are much more competitive than they are likely to get from their bank or a financial broker and we invite them to ask for a quote to compare our rates and check out our personal service,’ said Jacobs.

‘With us every student is allocated a personal account manager who is there to steer them and their family through what can seem to be a complicated and daunting process. We always give our best advice and our best rates and we know that formula will appeal to students the world over,’ he added.

{ 1 comment… read it below or add one }

Cameron March 28, 2011 at 5:16 pm

The lack of jobs in the UK is a big problem. I think that being an expat in Australia and Japan would be a good alternative.

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