Connect with us


Young people hit by rising unemployment rate



Woman in officeImage copyright
Getty Images

The unemployment rate in the UK is at its highest level in two years, official figures show.

The unemployment rate rose to 4.1% in the three months ending July, from 3.9% previously.

Young people were particularly affected, with those aged 16 to 24 having experienced the largest decline in employment compared to other age groups.

Companies continue to take staff off payrolls as they prepare for the end of the government leave program.

There were 156,000 fewer young people employed in the three months to July, new data showed.

Some 695,000 UK workers have disappeared from UK business payrolls since March, when the coronavirus lockdown began.

The government’s job maintenance program will start to shrink next month before ending on October 31.

ONS director of economic statistics Darren Morgan said there were signs of a ‘reopening’ of the economy in July, with businesses including restaurants, pubs and hairdressers being re-authorized to operate. trade.

“Nonetheless, with the number of employees on the payroll falling again in August and unemployment and layoffs rising sharply in July, it is clear that the coronavirus is still having a significant impact on the world of work,” said he declared.

Paul Dales, UK chief economist for the Capital Economics research group, said he expected “employment will decline more sharply and unemployment will rise faster as the leave program continues to decline. take place and will stop at the end of October “.

Unfortunately, this is the start of the increase in official unemployment figures, just before the phasing out of the holiday scheme.

While the overall unemployment rate has risen to 4.1%, it remains low by historical and international standards.

However, digging a little deeper shows a bigger increase from 0.5% to 4.4% in July alone. And in the last week of July, it rose to 4.8%.

This is the start of what economists and academics expect for a sustained rise. The good news so far is that, so far, the vast majority of workers who were previously on leave appear to have returned to work.

The other very notable feature is that the overall three-month average increase in unemployment, although still small, was largely the result of the loss of youth employment.

Layoffs have also reached their highest level since the aftermath of the financial crisis. Employment remained at an all time high, however, and hours worked and vacancies showed a slight recovery after massive falls during the lockdown.

So the climb started slowly, but the concern now is where exactly is it going?

‘It was the push I needed’

Orrean Jacob recently lost the job he had done for nine years working at the Mini Car Factory in Oxford as an agency employee.

“They decided to let people go, and I was one of them,” he says. Hundreds of factory workers have been affected.

“It really hurts. When you go to work it’s not just about money or salary. It’s about doing something yourself, making friends and making connections. . “

Although he found himself in a situation similar to many others during the pandemic, a phone call with a friend gave him an opportunity. They recommended that he contact the HS2 rail project about their week-long training programs.

At the end of the following week, he obtained a full license to be on-site and drive a forklift, after completing a course worth around 1,000 with one of HS2’s contractors.

“It was just the push I needed in the right direction – to find something new, to find a new way to go because the other one was clearly not working.”

Have you lost your job as a result of the coronavirus pandemic? Share your experiences by email

Please include a contact number if you would like to speak to a BBC reporter. You can also contact us in the following ways:

If you are reading this page and cannot see the form, you will need to visit the mobile version of the BBC website to submit your question or comment or you can email us at

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

picture credit


to request, modification Contact us at Here or [email protected]

Please disable the ad-blocker on this page to see the content