America COVID-19
Corona Updates
COVID-19
US Corona
The number of people employed in the UK dropped by the most since 2009 — a sign the jobs market may face yet more pain from the COVID-19 crisis
NurPhoto/Getty
- Employment in the UK dropped by the most since 2009, signalling that more pain may lay ahead for British-based workers, data released Tuesday showed.
- The number of UK employees on payrolls fell in July by 730,000 from March, when the COVID-19 crisis had just begun.
- "The alarm bells couldn't be ringing any louder. Ministers must act now to protect and create jobs," the general secretary of the national federation of trade unions said.
- Those claiming unemployment benefits, which includes universal credit and jobseeker's allowance, rose about 117% to 2.7 million in July from March 2020.
- Visit Business Insider's homepage for more stories.
Jobs in the UK have seen the largest quarterly drop since the 2009 global financial crisis, according to data released by the national statistics agency Tuesday.
Early indicators showed that the number of employees on payroll in July dropped by 730,000 as compared to March, when the COVID-19 crisis began, the Office of National Statistics said.
See the rest of the story at Business Insider
NOW WATCH: What it's like inside North Korea's controversial restaurant chain
See Also:
- 5 charts from July's jobs report highlighting the US economy's post-pandemic recovery — and 3 showing how much further it has to go
- Nearly one third of people that have gone back to work after being laid off during the coronavirus pandemic have lost their jobs again, study finds
- US companies added 167,000 in July, badly missing economist forecasts, ADP says
from Feedburner https://ift.tt/31Eycaq
No comments