A lack of social skills is keeping young people out of work

There's a reason over 60% of new jobs at the moment are going to the over 50s, and that youth unemployment in the UK remains so high. Put simply, Britain's young need to know how work 'works'.

I took some heart from yesterday's unemployment numbers. There is no doubting that our recovery is horribly fragile a double dip isn't going to surprise anyone in the MoneyWeek office.

But still, the fact is that the private sector has created a pretty impressive 143,000 jobs in the last three months. Look at the year-on-year figures and the UK job market looks pretty healthy too: public sector employment fell by 123,000 (which is either a good or a bad thing depending on how you look at it) but private sector employment rose by 428,000.

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Merryn Somerset Webb
Former editor in chief, MoneyWeek