Coronavirus: Young people 'most likely to lose work' in lockdown
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.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. 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.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. 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.A quarter of the workforce, some 7.5 million people, are now covered by the arrangement, which has cost £14bn a month.
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