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Virus lockdown claims nearly 650,000 UK jobs since March

Christian Fernsby ▼ | July 16, 2020
UK workers on company payrolls have fallen 649,000 during lockdown as the coronavirus crisis claimed another 74,000 jobs last month, according to official figures.
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The Office for National Statistics said early estimates showed the number of paid employees fell by 1.9% year on year in June to 28.4 million, and by 0.3% compared with the previous month.

It said the pace of job losses appeared to have slowed in June, with claims under Universal Credit by the unemployed and those on low incomes falling by 28,100 between May and June to 2.6 million.

But the claimant count has more than doubled since March soaring 112% or by 1.4 million in a sign of the mounting jobs crisis.

The ONS said unemployment fell 17,000 between March and May to 1.4 million, with the rate unexpectedly unchanged at 3.9%.

Experts said this masked a sharp fall in employment, down 126,000 in the quarter to 32.95 million, with the rate dropping to 76.4%.

This decline was the steepest since 2011 and was driven mostly by a record fall in the self-employed, according to the ONS.

With 9.4 million people on furlough classed as employed, the true impact is expected to only be shown after the current support scheme ends in October.


 

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