A woman wearing a protective mask usually crosses the road in front of the Bank of England during rush hour in the City of London on March 17, 2020. At the request of the government, the British financial district was extremely quiet yesterday, except for basic trips and activities.
According to official data released on Tuesday, employment in the UK has the largest quarterly decline in a decade.
According to the National Bureau of Statistics, estimates show that 32.92 million people were employed between April and June, an increase of 1
The decline in employment affects both men and women. This is the largest quarterly decline since May 2009 to July 2009.
ONS said July data showed that the number of employees on the payroll fell by 730,000 compared with March.
The report added: “Survey data shows that people are unemployed due to the inactive economy, but currently there are no jobs, so employment is weakening, and the unemployment rate is basically unchanged.
The overall unemployment rate from April to June was 3.9%, covering the lock-in period in the UK that began in late March. However, due to the British government’s “vacation” program, the data is unlikely to show the real degree of job loss caused by the coronavirus, which aims to subsidize workers’ wages to prevent employers from layoffs.
According to the vacation plan, the government pays up to 80% of workers’ monthly wages, up to a maximum of 2500 pounds ($3,272), but the company said that from August the company must share more of the plan’s costs.
In response to the data, British Finance Minister Rishi Sunak said that the government cannot save all jobs affected by the coronavirus crisis.
He said: “I have always been very clear that we cannot protect every job, but… we have a clear plan to protect, support and create jobs to ensure that no one has hope.”
The latest data show that by July 2020, the number of people receiving unemployment benefits reached 2.7 million, an increase of 116.8% since March.
ONS said: “It is estimated that a large number of people will temporarily leave work, including workers on leave; by June 2020, about 7.5 million people will leave, of which more than 3 million will be away for three months or more.”
“The new analysis shows that during the coronavirus (COVID-19) pandemic, the youngest workers, the oldest workers, and those in manual or basic occupations are most likely to temporarily leave paid work.”
CBI, a British business lobby group, said the data “shows that the coronavirus crisis has left a devastating mark on the labor market.”
CBI Director of Personnel and Skills Matthew Percival said: “With the UK under strict lockdown measures to contain the virus, it is expected that work and working hours will be reduced by the fourth quarter of June.”
He added: “More positively, due to the relaxation of restrictions, job vacancies have risen slightly, especially in the hotel industry.