Nick Clegg Announces Youth Contract Scheme

The Deputy Prime Minister has laid out a new scheme aimed at helping young people secure jobs after leaving education. Nick Clegg emphasizes the importance of having the right to either earn or learn, especially in a stagnant economy where youth unemployment is at record levels. The transcript highlights the demoralizing impact of unemployment on young people.

What record levels are mentioned in relation to young people's unemployment?

How do young people feel about their employment situation according to the text?