The coronavirus pandemic hit the UK and the world at the worst time for young people trying to enter the jobs market.
Employment opportunities have been limited as businesses focused on survival and adapting to the ‘new normal.’
This has left many young people on their own at the start of their careers.But, on the upside, it has led to a boom in young entrepreneurship.
The pandemic job market
Getting a job is tough in any market but the pandemic has limited hiring.
Office for National Statistics figures show the number of job vacancies in November 2020 to January 2021 was 26 per cent lower than a year ago.
There were also an estimated 599,000 vacancies; this is 211,000 fewer than the estimated 809,000 vacancies a year earlier, prior to the start of the coronavirus outbreak.
Many young people at the start of their careers are now competing against each other, as well as older workers who may have become unemployed, for fewer jobs.
But not all are settling for this and the situation has sparked a new age of entrepreneurship lets you manage and post content to social media, your own website and send personalised email marketing from one place.
Customers of all ages using GoDaddy Website + Marketing product have seen an average increase of 13 per cent in business revenue within 12 months.
Sakshi Anand, senior director Creativitesunfold at GoDaddy UK and Ireland, said: “Despite the challenges of 2020, our research shows that young entrepreneurs have managed to make the most out of a difficult situation and have demonstrated the ability to flourish in a challenging economic environment brought on by the global pandemic.
“In addition to those young entrepreneurs who have already started a business over the last year, and with 91% surveyed as already selling online or planning to sell online, we’re excited to see what 2021 will bring for our new generation of UK’s entrepreneurs.”
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