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).

Burrows Scarborough in Coventry - call 024 7671 7633 or email info@burrows-scarborough.co.uk
Harwoods in Sutton Coldfield – call 0121 355 0901 or email info@harwoods-account.co.uk

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.'

Why you should choose us...

We continue to build on our enviable reputation for providing excellent advice and first class service to our business and personal clients alike.

Learn more

Latest news
Sutton Coldfield

Please call:
0121 355 0901

1 Trinity Place, Midland Drive, Sutton Coldfield B72 1TX
Coventry

Please call:
024 7671 7633

Sovereign House, 12 Warwick Street, Earlsdon, Coventry CV5 6ET

Home | Contact us | Site map | Accessibility | Disclaimer | Help |

© 2020 Burrows Scarborough Limited. All rights reserved. powered by totalSOLUTION

We use cookies on this website, you can find more information about cookies here.

Burrows Scarborough and Harwoods are practicing names of Burrows Scarborough Limited, which is registered in England - Company Number 4939546.
Registered to carry on audit work in the UK & Ireland by the Institute of Chartered Accountants in England & Wales - Firm number C001078720