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| Coronavirus: Young people 'most likely to lose work' in lockdown | Coronavirus: Young people 'most likely to lose work' in lockdown |
| (32 minutes later) | |
| Young people are most likely to have lost work or seen their income drop because of Covid-19, a report suggests. | |
| More than one in three 18 to 24-year-olds is earning less than before the outbreak, research by the Resolution Foundation claims. | More than one in three 18 to 24-year-olds is earning less than before the outbreak, research by the Resolution Foundation claims. |
| It said younger workers risk their pay being affected for years, while older staff may end up involuntarily retired. | It said younger workers risk their pay being affected for years, while older staff may end up involuntarily retired. |
| The number of people in the UK claiming and receiving unemployment benefit soared last month. | |
| The figure went up by 856,500 to 2.097 million in April, the Office for National Statistics (ONS) said. | |
| Separate ONS figures showed UK unemployment rose by 50,000 to 1.35 million in the three months to March. | Separate ONS figures showed UK unemployment rose by 50,000 to 1.35 million in the three months to March. |
| Jonathan Athow, from the ONS, said employment "held up well" in March, but hours worked "fell sharply" towards the end of the month - particularly in areas like hospitality and construction. | Jonathan Athow, from the ONS, said employment "held up well" in March, but hours worked "fell sharply" towards the end of the month - particularly in areas like hospitality and construction. |
| Speaking about the figures on BBC Breakfast, Work and Pensions Secretary Therese Coffey said "we won't have a more detailed understanding for about another month". | Speaking about the figures on BBC Breakfast, Work and Pensions Secretary Therese Coffey said "we won't have a more detailed understanding for about another month". |
| Young people tend to be hardest hit by economic slumps. | Young people tend to be hardest hit by economic slumps. |
| Around a quarter of 18 to 24-year-olds have been furloughed - meaning they do not work but their firms keep them on their books and the government covers 80% of their wages. | Around a quarter of 18 to 24-year-olds have been furloughed - meaning they do not work but their firms keep them on their books and the government covers 80% of their wages. |
| A further 9% have lost their jobs altogether - the highest figure out of all age groups. | A further 9% have lost their jobs altogether - the highest figure out of all age groups. |
| Industries that traditionally employ younger staff such as pubs, restaurants and leisure centres have remained shut throughout the UK's eight-week lockdown, as have many shops. | Industries that traditionally employ younger staff such as pubs, restaurants and leisure centres have remained shut throughout the UK's eight-week lockdown, as have many shops. |
| Employees across all age groups were found to be more likely to earn less than they did in January than earn more. | Employees across all age groups were found to be more likely to earn less than they did in January than earn more. |
| Those aged 35 to 44 were the least likely to have been furloughed or lost their jobs, with around 15% experiencing this since the outbreak began. | Those aged 35 to 44 were the least likely to have been furloughed or lost their jobs, with around 15% experiencing this since the outbreak began. |
| Ms Coffey told the BBC's Today programme that the UK should be prepared for the unemployment rate to "increase significantly". | Ms Coffey told the BBC's Today programme that the UK should be prepared for the unemployment rate to "increase significantly". |
| She said there are still vacancies available in areas such as retail and agricultural work, but that opportunities will vary around the country. | She said there are still vacancies available in areas such as retail and agricultural work, but that opportunities will vary around the country. |
| The DWP is working with other departments to help people back into work, she added. | The DWP is working with other departments to help people back into work, she added. |
| "That will also focus, I think, on younger people," she said. "The longer that people are away from the workplace makes it, often, more challenging to get that dream career that they're looking for." | "That will also focus, I think, on younger people," she said. "The longer that people are away from the workplace makes it, often, more challenging to get that dream career that they're looking for." |
| Asked about the claim that young people's incomes could be scarred for years to come, she said: "I think it's too early to say anything like that at all." | Asked about the claim that young people's incomes could be scarred for years to come, she said: "I think it's too early to say anything like that at all." |
| The Resolution Foundation, which studies earnings of lower and middle income-workers, surveyed more than 6,000 UK adults at the beginning of May. | The Resolution Foundation, which studies earnings of lower and middle income-workers, surveyed more than 6,000 UK adults at the beginning of May. |
| The Health Foundation, the charity which funded the research, says it was concerned that the current crisis is magnifying already-precarious employment conditions young people face. | The Health Foundation, the charity which funded the research, says it was concerned that the current crisis is magnifying already-precarious employment conditions young people face. |
| However, the report found the scale of pay reductions during the crisis would have been greater were it not for the government's job retention scheme. | However, the report found the scale of pay reductions during the crisis would have been greater were it not for the government's job retention scheme. |
| The scheme covers 80% of workers' pay up to £2,500 per month and was recently extended to October. | The scheme covers 80% of workers' pay up to £2,500 per month and was recently extended to October. |
| A quarter of the workforce, some 7.5 million people, are now covered by the arrangement, which has cost £14bn a month. | A quarter of the workforce, some 7.5 million people, are now covered by the arrangement, which has cost £14bn a month. |
| However, campaigners said it has made "no difference" to the thousands of people who initially fell through the cracks. | However, campaigners said it has made "no difference" to the thousands of people who initially fell through the cracks. |
| Last week, the chancellor warned it was "very likely" the UK is in a "significant recession", as figures revealed the economy contracting at the fastest pace since the financial crisis. | Last week, the chancellor warned it was "very likely" the UK is in a "significant recession", as figures revealed the economy contracting at the fastest pace since the financial crisis. |
| Countries around the world are struggling with surges in unemployment due to the pandemic. | Countries around the world are struggling with surges in unemployment due to the pandemic. |
| More than 36 million people are now filing for unemployment benefits in the US, representing almost a quarter of the American workforce. | More than 36 million people are now filing for unemployment benefits in the US, representing almost a quarter of the American workforce. |