The coronavirus pandemic has hit young people hardest. Young people are more likely to have been furloughed, 16–24-year-olds account for three in five of all jobs lost since the start of the pandemic, and youth unemployment is three times the overall unemployment rate.
Evidence suggests that a period of youth unemployment can have corrosive and long-lasting impacts on young people, leading to lower employment and lower earnings for years to come.
This Learning and Work Institute and Prince’s Trust event will explore the findings of new research into the employment prospects of young people after coronavirus. Our research explores the future path of youth unemployment after the pandemic, and for the first time set out the economic and fiscal costs of higher youth unemployment post-coronavirus.