Youngsters hardest hit by coronavirus job losses, make more jobless benefit claims
4 years, 6 months ago

Youngsters hardest hit by coronavirus job losses, make more jobless benefit claims

Dutch News  

Youngsters have been hardest hit by the coronavirus crisis, with some 139,000 fewer under 26-year-olds currently now in work, according to new figures from national statistics agency CBS. The state benefits agency UWV said on Thursday that the number of new unemployment claims rose by 42,000 in May, compared with 74,000 in April. ‘We don’t know what is ahead, particularly when the government support measures expire in a couple of months.’ Poverty The Red Cross said on Thursday it had handed out over 10,000 food parcels to people who had been hard hit by coronavirus since mid May. The report, which suggests the introduction of a basic income system and a simpler supplementary benefit system would cut poverty levels by 60%, was compiled before the start of the coronavirus crisis.

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History of this topic

20 million youth jobless in China, thanks to Covid
2 years ago

20 million youth jobless in China, thanks to Covid

Live Mint  

Around 20 million Chinese citizens between the ages of 16 and 24 are currently unemployed in cities and towns, according to CNN estimations based on government statistics that show there are 107 million urban youngsters. With an increase from 15.3% in March to a record 18.2% in April, China's youth jobless rate has reached new highs this year. According to …

One in five young people jobless in London as youth unemployment soars since start of pandemic
3 years, 1 month ago

One in five young people jobless in London as youth unemployment soars since start of pandemic

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Youth unemployment in the capital has soared by 55 per …

Youth unemployment at its lowest since start of pandemic
3 years, 4 months ago

Youth unemployment at its lowest since start of pandemic

NL Times  

In the past three months, the unemployment rate in the Netherlands has been steadily going down, especially among people aged 15 to 25, Statistics Netherlands reported. Youth unemployment was at its lowest in July since the start of the coronavirus crisis in March 2020. Among young people, unemployment rates were still slightly higher than in other age groups in July …

Job vacancies outstrip unemployment due to coronavirus and ageing
3 years, 4 months ago

Job vacancies outstrip unemployment due to coronavirus and ageing

Dutch News  

The number of vacancies has exceeded the number of people seeking work for the first time in half a century, according to statistics agency CBS. CBS chief economist Pieter Hein van Mulligen said the unprecedented situation was partly the result of the government’s coronavirus support packages, but the underlying reason was the ageing workforce. ‘Since 1971 there has never been …

Job vacancies outstrip unemployment due to coronavirus and ageing
3 years, 4 months ago

Job vacancies outstrip unemployment due to coronavirus and ageing

Dutch News  

The number of vacancies has exceeded the number of people seeking work for the first time in half a century, according to statistics agency CBS. CBS chief economist Pieter Hein van Mulligen said the unprecedented situation was partly the result of the government’s coronavirus support packages, but the underlying reason was the ageing workforce. ‘Since 1971 there has never been …

Re-employment still a challenge for those who lost jobs in COVID-19 first wave
3 years, 6 months ago

Re-employment still a challenge for those who lost jobs in COVID-19 first wave

The Hindu  

As many as 40% of people who had lost their jobs over April or May 2020 after the COVID-19 pandemic hit India, had been unable to find a paying job even ten months after the national lockdown began, with the problem most acute for younger workers in urban India, as per a new survey-based report. On an average, people who …

Coronavirus: Black youths ‘three times as likely to be jobless’
3 years, 8 months ago

Coronavirus: Black youths ‘three times as likely to be jobless’

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Young black workers …

Covid lockdown UK: Young black workers are three times as likely to be jobless as whites
3 years, 8 months ago

Covid lockdown UK: Young black workers are three times as likely to be jobless as whites

Daily Mail  

Young black workers are three times as likely to be unemployed as white workers, with more than 40 per cent without jobs in further damning evidence of the harm done to the economy by coronavirus lockdowns. Before the pandemic, between January and March 2020, 10 per cent of young white workers were jobless compared with 25.3 per cent of young …

US jobless claims drop; still at 847,000 as pandemic rages
3 years, 11 months ago

US jobless claims drop; still at 847,000 as pandemic rages

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Thanks …

Jobs for workers under 20 are on the up. But they're shrinking for every other age group
4 years, 2 months ago

Jobs for workers under 20 are on the up. But they're shrinking for every other age group

ABC  

The number of payroll jobs for Australians aged under 20 is rising above pre-coronavirus levels, but jobs for every other age group are on the decline. Key points: Experts say the data indicates businesses are preferring to hire younger workers at this stage in the recession The economic recovery from coronavirus is expected to be slow as recessionary conditions broaden …

Jobseekers outnumber vacant jobs by as much as 106-to-one, study warning of coronavirus employment crisis reveals
4 years, 2 months ago

Jobseekers outnumber vacant jobs by as much as 106-to-one, study warning of coronavirus employment crisis reveals

ABC  

The grim reality for jobseekers has been exposed in new research that lays out Australia's unemployment epidemic. Key points: While there are eight entry-level jobseekers for every appropriate position, over-qualified applicants push that figure to 106 Anglicare says the numbers reveal this to be the worst recession in living memory The charity is calling on the Government to introduce a …

Young people will 'carry the burden' of coronavirus into the future. How are they coping?
4 years, 3 months ago

Young people will 'carry the burden' of coronavirus into the future. How are they coping?

ABC  

Raigama Wijeratne's first year in Australia hasn't exactly gone to plan. Key points: Experts say one in five workers aged between 15 and 24 lost their jobs during the height of the coronavirus pandemic Experts say one in five workers aged between 15 and 24 lost their jobs during the height of the coronavirus pandemic Young people will also "carry …

Welfare benefit claims rise as coronavirus impact on jobs begins to bite
4 years, 4 months ago

Welfare benefit claims rise as coronavirus impact on jobs begins to bite

Dutch News  

The number of people in the Netherlands claiming basic welfare benefits rose by 12,000 between the end of 2019 and end of June 2020, national statistics agency CBS said on Monday. The increase in claims was particularly strong – 5% – among the under-27s, as many youngsters lost their jobs in the hospitality industry because of the coronavirus lockdown. Many …

Welfare benefit claims rise as coronavirus impact on jobs begins to bite
4 years, 4 months ago

Welfare benefit claims rise as coronavirus impact on jobs begins to bite

Dutch News  

The number of people in the Netherlands claiming basic welfare benefits rose by 12,000 between the end of 2019 and end of June 2020, national statistics agency CBS said on Monday. The increase in claims was particularly strong – 5% – among the under-27s, as many youngsters lost their jobs in the hospitality industry because of the coronavirus lockdown. Many …

41 Lakh Youth Lose Jobs in India Due to Covid-19 Impact, Says ILO-ADB Report
4 years, 4 months ago

41 Lakh Youth Lose Jobs in India Due to Covid-19 Impact, Says ILO-ADB Report

News 18  

As many as 41 lakh youth in the country lost jobs due to the COVID-19 pandemic while construction and farm sector workers account for the majority of job losses, according to a joints report by the International Labour Organization and the Asian Development Bank. Construction and agriculture have witnessed the major job losses among seven key sectors," said the ILO-ADB …

Coronavirus | U.K. employment falls by biggest quarterly amount since 2009
4 years, 4 months ago

Coronavirus | U.K. employment falls by biggest quarterly amount since 2009

The Hindu  

The number of people in employment in the U.K. fell by 2,20,000 in the three months after the country was put into lockdown as a result of the coronavirus pandemic, official figures showed on Tuesday. That quarterly decline, which took the total number of people in employment to 32.92 million, is the biggest since the deep recession in 2009 in …

Coronavirus: UK job losses hit decade-high, worse seen ahead
4 years, 4 months ago

Coronavirus: UK job losses hit decade-high, worse seen ahead

India Today  

The number of people in work in Britain has suffered the biggest drop since 2009 and signs are growing that the coronavirus will take a heavier toll on the labour market as the government winds down its huge job-protection scheme. Mounting job losses are expected as Britain winds down its job-retention scheme, which has covered around one in three private-sector …

The three jobs that WILL get you hired in the coronavirus era - and some of them pay VERY well
4 years, 5 months ago

The three jobs that WILL get you hired in the coronavirus era - and some of them pay VERY well

Daily Mail  

As most industries suffer through the coronavirus lockdown and unemployment soars, there are three areas of expertise which are becoming increasingly attractive in the job market. The data showed there was a 25 per cent increase in the number of freelancing jobs posted between the first and second quarter of 2020, rising from 482,000 to 605,000 nationally. Freelancer.com CEO and …

Those most likely to lose their jobs in Covid-19 crisis also have little to no savings
4 years, 6 months ago

Those most likely to lose their jobs in Covid-19 crisis also have little to no savings

NL Times  

The people who are most likely to lose their jobs during the coronavirus crisis also often have little to no other income or savings to fall back on, central planning office CPB warned in a study into the most vulnerable groups on the labor market during this crisis. According to the CPB, those most likely to lose their jobs are …

Coronavirus Outbreak Updates: Delhi govt says reports on shortage of beds 'misleading'; National Capital records 1,330 new COVID-19 cases today
4 years, 7 months ago

Coronavirus Outbreak Updates: Delhi govt says reports on shortage of beds 'misleading'; National Capital records 1,330 new COVID-19 cases today

Firstpost  

11:42 PM Whatsapp Facebook Twitter Coronavirus in US Latest Updates US unemployment drops unexpectedly to a still-high 13.3% US unemployment dropped unexpectedly in May to 13.3% as reopened businesses began recalling millions of workers faster than economists had predicted, triggering a rally Friday on Wall Street and giving President Donald Trump something to boast about amid his reelection bid. And …

Coronavirus lockdown prompted more teens to start their own business
4 years, 7 months ago

Coronavirus lockdown prompted more teens to start their own business

NL Times  

While the total number of new startups in the Netherlands decreased since the start of the coronavirus crisis, the number of new businesses started by children and teenagers up to the age of 19 is on the rise. In March and April this year, this age group started 2,139 new businesses, 137 more than the same months last year, Trouw …

COVID-19, lockdown impact: 27 mn youth in their 20s lost their jobs in April, reveals CMIE
4 years, 7 months ago

COVID-19, lockdown impact: 27 mn youth in their 20s lost their jobs in April, reveals CMIE

Firstpost  

Over 27 million youngsters in their 20s lost their jobs in April. Data from CMIE’s Consumer Pyramids Household Survey reveals youngsters in the age group 20-24 years accounted for 8.5 percent of the total employed persons in the country in 2019-20. Another 14 million jobs were lost in the age-group 25-29 years, the CMIE report said. This group accounted for …

Low-income workers are bearing brunt of coronavirus job losses
4 years, 7 months ago

Low-income workers are bearing brunt of coronavirus job losses

Al Jazeera  

Nearly 40 percent of US adults working in February with a household income below $40,000 reported a job loss in March. The Fed’s Report on the Economic Well-Being of US Households found that financial conditions changed dramatically for American workers who either lost their jobs or had their hours reduced in March or the beginning of April as coronavirus lockdowns …

COVID-19 lockdown: April job losses highest among youth, says data
4 years, 7 months ago

COVID-19 lockdown: April job losses highest among youth, says data

The Hindu  

Job losses during the lockdown have been disproportionately high among younger Indians, with six crore people between the ages of 20 and 39 losing jobs in April, according to data from the Centre for Monitoring Indian Economy. More than 2.7 crore young people in their 20s lost their jobs last month, along with 3.3 crore people in their 30s, said …

Coronavirus in US: Cases reach 12 lakh, second White House staffer tests positive, record job losses in history
4 years, 8 months ago

Coronavirus in US: Cases reach 12 lakh, second White House staffer tests positive, record job losses in history

Live Mint  

The United States recorded 1,635 coronavirus deaths in the past 24 hours, bringing the total to 77,178, according to the latest real-time tally Friday reported by Johns Hopkins University. The US vice president's spokeswoman became the second White House staffer this week to test positive for coronavirus, officials said Friday, even as President Donald Trump continued to go mask-free at …

3.2 Million More Are Out Of Work As Jobless Claims Keep Piling Up
4 years, 8 months ago

3.2 Million More Are Out Of Work As Jobless Claims Keep Piling Up

NPR  

3.2 Million More Are Out Of Work As Jobless Claims Keep Piling Up Enlarge this image toggle caption Brian Snyder/Reuters Brian Snyder/Reuters Updated at 8:43 a.m. ET Another 3.2 million people filed for unemployment for the first time last week, bringing the total number of jobs lost during the coronavirus crisis in the last seven weeks to at least 33.5 …

Coronavirus pushes U.S. unemployment toward highest since Depression
4 years, 8 months ago

Coronavirus pushes U.S. unemployment toward highest since Depression

The Hindu  

Unemployment in the U.S. is swelling to levels last seen during the Great Depression of the 1930s, with 1 in 6 American workers thrown out of a job by the coronavirus, according to new data released Thursday. In the hardest-hit corner of the U.S., evidence emerged that perhaps 2.7 million New York state residents have been infected by the virus …

Coronavirus risks widening intergenerational wealth divide
4 years, 8 months ago

Coronavirus risks widening intergenerational wealth divide

ABC  

Economists are leading a debate about whether now is the time to start rolling back social distancing restrictions in Australia, given rapidly falling new infection rates for COVID-19 and mounting economic and social costs of the widespread shutdown. Research by ANZ senior economist Catherine Birch, based on ABS data, shows that three of the six industries that have slashed staff …

COVID-19 cost more than 700,000 Australians their jobs in just a week
4 years, 8 months ago

COVID-19 cost more than 700,000 Australians their jobs in just a week

ABC  

The COVID-19 pandemic resulted in a 5.5 per cent slump in jobs in the first week after extensive business shutdowns and social-distancing limits were introduced to contain the virus. Key points: ABS numbers suggest 780,000 jobs were lost as COVID-19 restrictions ramped up Around 90pc of those jobs were lost in the first week of April, after tougher COVID-19 restrictions …

History suggests youth unemployment will surge, pain will last a decade after coronavirus crisis
4 years, 8 months ago

History suggests youth unemployment will surge, pain will last a decade after coronavirus crisis

ABC  

Danielle Payne's career is only in its first act and now it's paused indefinitely, as the coronavirus pandemic halts production in the film industry. Key points: Many younger workers are employed in industries that have felt the early fallout of coronavirus, including the arts, retail and hospitality During the last recession in the early 1990s, the youth unemployment rate peaked …

Young adults, women and low earners most financially exposed to coronavirus
4 years, 9 months ago

Young adults, women and low earners most financially exposed to coronavirus

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. While the huge and rapid emergency measures introduced by …

Early coronavirus job losses hitting minorities, women, teens particularly hard
4 years, 9 months ago

Early coronavirus job losses hitting minorities, women, teens particularly hard

CNN  

New York CNN Business — As the economy continues to hemorrhage jobs, it’s becoming apparent that some groups are more at risk of unemployment than others. “They’re working in sectors like hotels, restaurants and retail that are being harder hit.” Minorities are also losing jobs such as custodial services as businesses close or are operating remotely. The catchall labor department …

COVID-19 pandemic could make another 25 million jobless
4 years, 9 months ago

COVID-19 pandemic could make another 25 million jobless

The Hindu  

The COVID-19 pandemic will significantly increase global unemployment, leaving up to 25 million more people out of work, and will dramatically slash workers’ incomes, the United Nations said Wednesday. “This is no longer a global health crisis, it is also a major labour market and economic crisis that is having a huge impact on people,” ILO chief Guy Ryder said …

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