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National News Unemployment rising

HKYellow

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Similar tried Globally, Singapore lost approx 140,000 jobs in 2020 with a large portion being foreign workers.
 

Essexyellows

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Hence the need for a State backed recovery boost when we get out of the woods.

There is a lot of unemployment and business failure hidden by furlough etc.
 

Peterdev

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It’s bound to be bad. It’ll be far worse up north and levelling up as promised won’t happen
 

Wallop

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Newsnight ran a feature on this last night and showed that 88% of people who have lost jobs are young, 30 or under I think. This perhaps isn't a massive surprise given that retail and hospitality tend to utilise a lot of younger people as front line staff before they have considered if they want a different type of career. They will also of course have less accrued rights than older workers but the figure of 88% was a bit stark.

There was this very keen young lady who had lost her job in retail and had applied for over 1000 jobs without success, you could see she was just beaten and it was hard not to feel sorry for her. She isn't workshy, she is a victim of current circumstances.
 

Wallop

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It’s bound to be bad. It’ll be far worse up north and levelling up as promised won’t happen
Quite correct but there will be lots of promises in about 3 years time to secure the new blue wall in the North just before the election.
 

LowerSouth

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Newsnight ran a feature on this last night and showed that 88% of people who have lost jobs are young, 30 or under I think. This perhaps isn't a massive surprise given that retail and hospitality tend to utilise a lot of younger people as front line staff before they have considered if they want a different type of career. They will also of course have less accrued rights than older workers but the figure of 88% was a bit stark.

There was this very keen young lady who had lost her job in retail and had applied for over 1000 jobs without success, you could see she was just beaten and it was hard not to feel sorry for her. She isn't workshy, she is a victim of current circumstances.
I felt for that young lady.
Hopefully her determination to succeed shone through and someone watching will offer her a job.
One other aspect of the report was a comparison with the financial crash of 2008.
Unemployment for the under 35’s was much higher than now and slow to recover.
Many pundits, including the BoE, are implying we will bounce back much more quickly.
Let’s hope they are right.
 
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