Economy

Workers on United Kingdom payrolls tumble and unemployment claims soar during lockdown

Workers on United Kingdom payrolls tumble and unemployment claims soar during lockdown”

New figures from the Office for National Statistics showed that across the Black Country there were almost 10,000 extra claims made last month.

Wyre Forest, including Kidderminster, had a rise of 695 to 3,685 (6.3 per cent).

But benefit claims - up by 1.5m in two months - are a more representative figure of the true state of unemployment, even if the ONS cautions that expanded eligibility means it may overstate the true picture of joblessness, as some can claim while still working.

"If the public health crisis is just starting to ease, today's figures show that the unemployment crisis is only just beginning", Tony Wilson, director of the Institute for Employment Studies, told AP. Even if a quarter were still employed, however, the remainder would likely add four percentage points to the headline unemployment rate.

The ONS said the United Kingdom unemployment rate between February and April was unchanged on January to March, at 3.9 per cent, or 1.3 million.

The number of people on British company payrolls fell by more than 600,000 in April and May as the coronavirus lockdown hit the labor market, and vacancies plunged by the most on record, official data showed on Tuesday.

The news comes amid the announcement of job losses including agency workers at Jaguar Land Rover's plant at the i54 near Wolverhampton. Economists got expectations horribly wrong, pencilling in a rise in the unemployment rate to 4.7 per cent.

More news: European Union opens competition investigation into Apple's App Store

Elsewhere in its findings, the ONS revealed that the number of hours worked per week in the United Kingdom between March and May was down nearly 100 million hours on the previous year, showing the extent of the impact of the coronavirus lockdown on the economy in general.

The number of workers on payrolls across the United Kingdom fell by more than 600,000 during the same period.

That left the number of paid employees 2.1% lower than in March, the ONS said.

The ONS has said the claimant count nearly certainly overstates the rise in unemployment because it includes people who are in work but are entitled to support.

He added: "More detailed employment data up to April show a dramatic drop in the number of hours worked, which were down nearly 9% in the latest period, partly due to a six million rise in people away from work, including those furloughed".

The furlough scheme is due to run until the end of October although employers have to make contributions to the cost of paying their temporarily laid-off workers from August.

Lockdown has created a worsening Labour market, experts have said as new employment figures were released. "Wage support has given firms some much-needed time to regroup".



Like this

loading...
loading...

Latest


16 June 2020
EPRA lowers diesel, kerosene prices but hikes petrol by Sh5.77
Brent crude futures - the global benchmark for crude oil - was seen trading down 1.7 per cent at $38.07 per barrel. And this was done in contrast to the global crude oil prices that have reported to be at their multiyear lows.

16 June 2020
Canada, US extend border restrictions to July 21
More people have stayed on the program for longer than originally estimated and the government estimates it will cost $60 billion. If the company can repay the balance of the loan by the end of 2022, up to $10,000 will be forgiven.

16 June 2020
FDA approves video game for treating ADHD in kids
The game, called EndeavorRx , requires a prescription and is designed for children ages 8 to 12 with certain symptoms of ADHD. A new game created to treat some ADHD symptoms in kids aged 8-12 has been officially approved by the The U.S.

16 June 2020
Serena Williams 'would love to play' US Open, says coach
It comes in a completely new format and rules, with games streamed live via a streaming platform for a $ 11-a-month subscription. In-court training, which is normally prohibited, was allowed during frequent 30-second wait times between points.

16 June 2020
Man arrested after shooting during New Mexico statue protest
No further official details of the shooting were immediately available, the spokesman, Daren DeAguero, told Reuters by email. The confrontation occurred outside the Albuquerque Museum in the heart of the city's Old Town district.

16 June 2020
HTC is officially back with U20 5G and Desire 20 Pro
On its back, the U20 5G features a 48MP f/1.8 main camera alongside an 8MP ultra-wide, 2MP macro, and 2MP depth-of-field cameras. HTC has included the usual connectivity options like USB Type-C port, GPS, AGPS, Bluetooth v5, Wi-Fi 802.11 ac, and more.

16 June 2020
Trump campaign touts more than 1M tickets requested for Tulsa rally
Some officials in the city have expressed qualms over Trump visiting, including Bruce Dart , the director of Tulsa's City-County Health Department.

16 June 2020
Asian stocks and United States futures rally after Fed moves calm markets
The central bank has deployed a $250 billion lending program to buy outstanding corporate bonds. South Korea's Kospi jumped 5.3% after recording its worst day since March on Monday.

16 June 2020
New Nissan X-Trail: fourth-gen model fully revealed (as the Rogue)…
The ProPilot system has also been tweaked for better steering assist feel, smoother braking and better radar detection abilities. Nissan has unwrapped its new Rogue in North America, effectively giving us our first look at the fourth-generation X-Trail.

16 June 2020
London protests: Thousands gather despite police warnings
Statues and monuments to figures involved in Britain's colonial past and the worldwide slave trade have become increasing targets for activists over the last week.