It is an interesting subject because youngsters have expectations but so do employers. Some degrees really do not have much worth and as a recruiter I knew which were the better universities and which were not very good at all. We had a graduate from an excellent university apply for a basic job so turned him down because we didn't think it was in his interest to work for us. We always tested all applicants and it was amazing how badly a great many graduates performed on them. I took on a waiter who performed well on the tests and turned out to be excellent and got promoted a couple of times.
We don't live in an unemployment blackspot but it is interesting to note the experience of a friend's 3 GSs. They are 19, 18, 17 and 16. Two of them have just accepted apprenticeships, one has been offered a job at a large company and the other is living off the state. The 3 who have jobs before even leaving school have all done things like scouts, windsurfing competetively, part time jobs and held posts in school so they had plenty to put on their CVs. There is a 'system' for applying for apprenticeships in this area and they all go through a sort of clearing system. The boys used that but also went out proactively applying and got their jobs that way.
The other one had a few retail and bar jobs but couldn't hold them down and now doesn't even try. He has a flat because he doesn't want to live at home and we all pay for it.