By James Salmon For Daily Mail
Published: 01:56 GMT, 28 October 2020 | Updated: 08:27 GMT, 28 October 2020
Youth unemployment is set to hit the highest level in four decades after the furlough scheme ends this weekend, a report has warned.
Analysis by the Resolution Foundation reveals young people and those from ethnic minorities are bearing the brunt of the jobs crisis.
It found that one in five 18 to 24-year-olds who have been furloughed have since been thrown out of work – the worst jobs crisis for young people since the early 1980s.
A report has warned youth unemployment is set to hit the highest level in four decades after the furlough scheme ends this weekend
A similar proportion of people from ethnic minorities have lost jobs after being on the Government’s furlough scheme.
The report estimated the overall unemployment rate has risen from 4.5 per cent over the summer to 7 per cent last month. But it said the jobless rate for 18-24 year olds has almost doubled since the crisis started to 20 per cent.
Kathleen Henehan, senior research and policy analyst at the