Young workers affected by coronavirus

Money Box

BBC

Business

4.2 • 825 Ratings

🗓️ 6 May 2020

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Graduates and young workers face huge challenges getting and staying in a job as coronavirus changes the employment picture. Louise Cooper discusses the consequences and solutions.

Guests:

Laura Gardiner, Research Director at the Resolution Foundation Michele Farmer, Regional Director at the Prince's Trust

Email questions and experiences to moneybox@bbc.co.uk

Reporter: Kafui Okpattah Producer: Ben Carter Editor: Emma Rippon

Transcript

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0:00.0	In Northern Ireland, from the late 70s to the early 90s, the IRA killed over 40 alleged informers.
0:08.0	But the man who often found, tortured and sometimes killed these people on behalf of the IRA
0:12.0	was himself an informer, a secret British army agent with the codename Stakeknife.
0:18.0	Who gets to play God? And why me? Why my family? When lies are still being told to this day,
0:24.0	who do you believe? I wouldn't even know where to start and I'm with the IRA.
0:28.5	Steakknife. Listen first on BBC Sounds. BBC Sounds, music, Radio, podcasts.
0:39.9	Welcome to this Moneybox live podcast.
0:48.3	And in this edition, we're focusing on graduates and young adults who've seen their finances and prospects hit due to the coronavirus crisis.
0:54.0	Despite the government's job retention scheme, unemployment is expected to rise substantially.
0:59.5	Almost 2 million new claims have been made for universal credits since the March lockdown.
1:04.3	And well-known companies like British Airways have already announced large redundances.
1:12.6	And research shows it's young adults that will be hit the hardest in a tough jobs market. So that's what we're looking at today on Moneybox Live. So please email your questions and experiences to Moneybox at BBC.co.
1:21.2	com. Well, let's talk first to Jess, who joins me now. Hello, Jess. Hi. Welcome hi welcome now you're graduating this term in a
1:31.6	BA multimedia journalism so well done and you had job interviews lined up so what happened
1:39.0	so I had like two job interviews lined up. It was taken, they basically got back to me, well, one of them got back to me and said, we can't interview you at the moment. And I haven't heard back from the other one.
1:55.7	Is it a similar story for your student friends? Are they the same I haven't really I haven't
2:02.8	really heard about anybody else that was actively applying because I've been I've been
2:06.9	looking since January because I wanted to try and get something lined up for when I
2:10.7	graduated well with me today is Laura Gardner research director at the Resolution
2:15.5	Foundation welcome Laura hello you have a report out today Laura Gardner, research director at the Resolution Foundation. Welcome, Laura.
2:19.0	Hello.
2:19.9	You have a report out today that warns youth unemployment will skyrocket,
	...

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