Mar 1, 2021

Topshop: What happened after the shutters closed?

While mid-career shop workers are worrying about reinventing themselves, young people are struggling to get a first job. The recruitment website LinkedIn says it has seen a 24% year-on-year drop in hiring for retail jobs, with jobs in recreation and travel even harder hit, down by 52% compared with January 2020. The biggest two growth areas for jobs are in healthcare, up 28% year-on-year, and transportation and logistics, up 11%. All those deliveries at the door are a warning bell for a changing jobs market. "It's about raising people's confidence, reminding people it's not too late. They need food on their table. They're the engine room of the economy. It's not the graduate jobs, it's the millions of people, 35- to 55-year-olds, that have worked in some of the backbone sectors of the country." Under the "Plan for Jobs" scheme, there are initiatives such as Kickstart to create new jobs for 16- to 24-year-olds and Restart, which will have £400m in 2021-22 to provide support for the unemployed.

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