U.K. Jobless Claims Soar To Highest Levels Since 1996

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U.K. Jobless Claims Soar To Highest Levels Since 1996
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I am a breaking news reporter for Forbes in London, covering Europe and the U.S. Previously I was a news reporter for HuffPost UK, the Press Association and a night reporter at the Guardian. I studied Social Anthropology at the London School of Economics, where I was a writer and editor for one of the university’s global affairs magazines, the London Globalist. That led me to Goldsmiths, University of London, where I completed my M.A. in Journalism. Got a story? Get in touch at [email protected], or follow me on Twitter @bissieness. I look forward to hearing from you.

The devastating impact of coronavirus lockdowns on the U.K. labor market is now emerging: jobless claims climbed to their highest levels in 24 years as more than 850,000 people registered for unemployment benefits in April alone.The claimant count—the measure of people claiming unemployment benefits—jumped by 856,500 last month or 69%, marking the biggest monthly jump since 1996.

Forecasters warn that the unemployment rate could top levels seen during the 2008 financial crisis. Director of the National Institute of Economic and Social Research, Jagjit Chadha,the BBC:"We can reasonably expect unemployment to rise very quickly to something over 10% - something we haven't seen since the early 1990s."

Young people—those aged between 18 and 24—are some of the hardest hit and could face longer term impacts on their pay and careers. One in three young workers have lost work or have been furloughed amid the crisis, compared to one in six 35 to 49-year-olds,

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