New analysis by Learning and Work Institute shows Wales faces a post-pandemic jobs crisis with unemployment set to exceed the level seen during the last recession, and a particularly severe impact on young people.
It finds that 250,000 jobs in Wales are in ‘shutdown sectors’. These are the industries which have been most impacted by the measures to slow the spread of the virus, and where most businesses have been forced to reduce trading or close altogether. Nearly one in five jobs (18%) in Wales are in shutdown sectors.
If just one in four of these workers lost their jobs, unemployment could exceed the level seen at the last recession.
The analysis also reveals that young people, women and those with the lowest qualification levels are more likely to face losing their jobs as a result of the crisis. It shows:
- One in four of those with qualifications below level 3 are working in sectors of the economy that have been shut down, compared to one in ten of those with level 4 qualifications
- Two in three of those aged between 16 and 19 (61%) and one in three (33%) of those aged 20 and 24 are at risk, higher than other age groups
- 22% of women are working in shut down sectors, compared to just 15% of men.
