The Prince's Trust Macquarie Youth Index findings were released following interviews with 2,161 teenagers and young adults aged 16 to 25 in Britain. Results indicated that unemployment resulted in 40 percent of young people fighting symptoms of mental illness, including self-loathing and panic attacks.
The report added that 32 percent of the unemployed youngsters have contemplated suicide, while 24 percent admitted to self-harming. Additionally, 9 percent said they have "nothing to live for".
Unemployed young people are struggling in many aspects of their lives, from their mental health and wellbeing to their relationships and their qualifications and we must act quickly to end this," said Shirley Cramer, chief executive of the Royal Society for Public Health.