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With the UK under its third lockdown, new research from @resfoundation looks at the state of the labour market in mid-January, and at the impact such a prolonged crisis has had on it (THREAD): https://www.resolutionfoundation.org/publications/long-covid-in-the-labour-market/
Starting with the headline figures, our recent YouGov survey of 18-64-year-old UK adults suggests headline labour market data remained broadly stable in December and January.
Furlough unsurprisingly picked up during January, which appears to have come from an increase in the numbers on full furlough.
Stepping back, the employment effects have been felt most by those working in sectors subject to social distancing measures, and by the young, the low paid, and those on insecure contracts.
And while the length of time that people have been out of work over the course of the pandemic varies widely, almost 2 million spent the past 6 months out of work.
Among those still in work, job loss fears are widespread – and especially among furloughed workers.
And many are already looking for work.
Policy has played a substantial role in limiting job losses so far in the crisis. Looking forward, policy will need to reflect the longer-term nature of this crisis.
Find out more at our live launch event, kicking off now:
