Figure 1 shows the employment status of students aged 18 to 24 in full-time education from July 2001 to February 2021 (this illustrates data taken from the ONS ‘Educational status and labour market status for people aged from 16 to 24 -not seasonally adjusted’ that are sourced from the Labour Force Survey, a survey of households). The expansion of fulltime students and those economically inactive is an interesting trend. The cyclical ‘sawtooth’ effect is caused by a proportion of those students taking up employment in the summer months. There is no big gender difference other than fewer women are economically inactive.
Figure 2 shows the employment status of students aged 18 to 24 in full-time education between March 2019 and February 2021. Although the employment of students appears to have remained high, there was also a decline in employment since March of last year. Overall, there were 5% fewer employed in the twelve months since February 2020 (1% unemployed and 4% economically inactive). This is not a small number and equates to over 75,000 students who are looking for work or have become economically inactive. There was a 4% decline in women students employed, split equally between unemployed and economically inactive. For some men, it is starker with 7% fewer employed and all economically inactive.