Job Market

730,000 jobs lost since March

Some 730,000 fewer people were in paid employment when compared with March 2020, new data from the ONS has revealed.

The number of paid employees in the UK in June 2020  also fell by 1.8%, compared with the same period of the previous year.

Early estimates for July 2020 indicate that there were 28.3 million paid employees, a fall of 2.2% on the same time last year and a decline of 627,000 people. Compared with the previous month, the number of paid employees fell by 0.4% in July 2020 – equivalent to 114,000 people.

Additionally, growth in median pay for employees in the three months to June 2020 was highest in Northern Ireland (positive 0.8%) and lowest in the West Midlands (negative 0.3%).

The ONS said: “Annual growth in the number of employees remained broadly within a range of 1.0% to 1.5% until 2019, following higher rates of growth prior to mid-2016. Starting around early 2019, employee growth began a slight downward trend.

“However, employee growth slowed more substantially recently (becoming negative in April 2020) coinciding with the coronavirus (Covid-19) pandemic as well as related economic and policy responses.”

Back to top button

Adblock Detected

To view our content you will need to disabled your ad-blocker. Serving adverts is fundamental to the business model of publishers and without them we would not have the funding to pay journalists to write.