00:00London is now a trap for young people hunting for their first job.
00:04The capital is now the epicenter of a youth unemployment crisis that threatens the future
00:10of thousands of young people and of Prime Minister Keir Starmer ahead of crucial local
00:15elections.
00:16Around one in four 16 to 24 year olds in London is looking for a job.
00:22That's the highest in the UK.
00:23The number of graduate jobs has plummeted to just over 2,000, down from about 13,000
00:29before Covid.
00:31London jobs are particularly exposed to AI.
00:33A third of all roles are in sectors like professional services, where employers are automating junior
00:39roles or recruiting in cheaper locations.
00:42Shops and restaurants are hiring fewer junior staff after Chancellor Rachel Reeves raised
00:47national insurance contributions and increased the national minimum wage.
00:50The result is a cutthroat jobs market where the odds are often stacked against fresh graduates.
00:57The stakes couldn't be higher for the Labour government.
01:00The party is praised for bruising losses at the upcoming local elections.
01:04Labour is now offering employers thousands of pounds to take on young people, aiming to
01:10reduce the nearly one million who are out of work or education.
01:14However, as the Middle East conflict threatens to worsen growth at home, getting that first
01:19job in London is likely to remain tough.
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