Business
Coronavirus pandemic job losses shift from youth in hospitality to white-collar professionals – ABC News
The coronavirus recession started with mass job losses for under-30s, but as many hospitality jobs return it is now tens of thousands of white-collar workers joining the JobSeeker queues.
Since being made redundant in March, legal assistant Sinead Simpkins has applied for 600 jobs.
Key points:
- More than half the early coronavirus recession job losses were under-30s, but more older workers are now starting to feel the pain
- Workers under 35 experienced almost zero growth in real wages following the global financial crisis
- KPMG’s chief economist warns older workers they may be overlooked for more tech-savvy younger hires in the pandemic recovery
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