Lockdown has 'negatively impacted young people's labour market outcomes'

The coronavirus (COVID-19) lockdown has negatively affected young people's labour market outcomes, according to a report published by the Institute for Fiscal Studies (IFS).

The coronavirus (COVID-19) lockdown has negatively affected young people's labour market outcomes, according to a report published by the Institute for Fiscal Studies (IFS).

The report, which was funded by the Turing Institute, found that the COVID-19 pandemic threatens to 'severely disrupt' young workers' career progression. It also suggested that the economic impacts of the pandemic on young workers may last well beyond the easing of the lockdown.

The report revealed that over the last decade, young people starting out in the labour market have increasingly been working in low paid occupations, including sectors hardest hit by COVID-19.

The IFS has called for the government to focus on the challenges facing the young in regard to finding work following the lockdown.

'Even a normal recession can be especially damaging for young workers as, for example, hiring freezes disproportionately affect those coming into the labour market and those who would otherwise be climbing the jobs ladder,' said Agnes Norris Keller, Research Economist at the IFS.

'The recession associated with the COVID-19 pandemic threatens to be doubly bad for early-career workers because the particular sectors being hardest hit are very disproportionately likely to employ them.'

Jacksons, Ash Tree Court, Mellors Way, Nottingham Business Park, Nottingham NG8 6PY
Jacksons, Potterdyke House, 31-33 Lombard Street, Newark, Nottinghamshire NG24 1XG

© 2021 Jacksons. All rights reserved. We use cookies on this website, you can find more information about cookies here.

Registered as Auditors and regulated for a range of investment business activities in the United Kingdom by the Association of Chartered Certified Accountants
Jacksons Business Services Limited Registered in England Company Number 4581754

Sage One Certified Adviser Sage Accountant Partner quickbooks-logo.png xero.png apple.png googleplay.png windows.png