Buzz People

Young people most likely to lose job

Young people are most likely to have lost work or seen their income drop because of Covid-19, a report suggests.
More than one in three 18 to 24-year-olds is earning less than before the outbreak, research by the Resolution Foundation claims.
It said younger workers risk their pay being affected for years, while older staff may end up involuntarily retired.
The number of people in the UK claiming and receiving unemployment benefit soared last month.
The figure went up by 856,500 to 2.097 million in April, the Office for National Statistics (ONS) said.
Separate ONS figures showed UK unemployment rose by 50,000 to 1.35 million in the three months to March.
Jonathan Athow, from the ONS, said employment "held up well" in March, but hours worked "fell sharply" towards the end of the month - particularly in areas like hospitality and construction.
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