The Speaker
Friday, 24 May 2024 – 23:15
A young person

Young people among most affected as job losses continue following COVID-19 financial impact

New figures from the Office for National Statistics (ONS) suggest that the number of employees on UK payrolls has fallen by around 730,000 compared with March 2020.

According to official statistics, employment in the UK decreased by 220,000 in the last quarter – the largest quarterly decrease in over a decade and since the 2009 financial crisis.

Large numbers of people have lost their jobs due to companies struggling from the financial impact of the COVID-19 pandemic and the number of job losses is only expected to rise over the coming months. British Airways, Hays Travel, Dixons Carphone and Bella Italia are just some of a range of companies that have announced job cuts in recent times.

Millions of people have been on furlough from their jobs during the pandemic, but it is expected that the end of the Government’s Job Retention scheme later this year could effectively be a cliff edge for many jobs, with many more people expected to become unemployed at this point.

While all age groups have been affected by job cuts, it is feared that some groups including young people may be particularly badly hit by the crisis.

Jonathan Athow, deputy national statistician at the ONS, said:

“The groups of people most affected are younger workers, 24 and under, or older workers and those in more routine or less skilled jobs.

“This is concerning, as it’s harder for these groups to find a new job or get into a job as easily as other workers.”

Many young people will be anxious over what their futures hold, with getting a job in post-pandemic times expected to be even more challenging than before.

There have also been calls in recent days for universities to be more lenient over their admissions processes this year, with A-Levels being graded largely based on estimates and algorithms, following exams being cancelled due to the pandemic.

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