Business

Biggest fall in UK employment in a decade as Covid-19 hits jobs market – business live

employment dropped for the fourth successive month in July, though the number of employees losing their jobs since the coronavirus outbreak began to slow, according to official figures.
increased by 30,000 on the year and 27,000 on the quarter to 134,000, today’s labour market report shows.
Related: 730,000 workers fall from UK payrolls between March and July 9.33am BST In another worrying sign, the number of people made redundant has hit a seven-year high.Redundancies
Rolling coverage of the latest economic and financial news, as nearly three quarters of a million people lose their jobs since MarchPayrolls have fallen by 730,000 since crisis beganONS: Worst quarter for jobs since the financial crisisAverage earnings fell in April-June as bonuses and hours cutBut unemployment rate sticks at 3.9% 9.46am BST Here’s my colleague Phillip Inman on today’s UK unemployment report:Almost three quarters of a million jobs have been lost from company payrolls since the start of the coronavirus pandemic in March, with the youngest and oldest workers bearing the brunt of the employment crisis.Paid
Source: the guardian

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