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Nearly 700,000 workers in the UK lost their jobs in five months due to the coronavirus



Unemployment from coronavirus

Paid employees fell dramatically compared to previous years (Photo: ONS)

Unemployment in the UK has risen by almost 700,000 since the start of the blockade, according to the latest figures.

The number of workers on payroll fell by 695,000 between March and August due to the impact of the coronavirus pandemic, the Office for National Statistics said.

He said its latest official figures mean the unemployment rate rose to 4.1% which is in line with expert forecasts and is the first time the unemployment rate has risen since the pandemic hit. The organization added that employment now stands at 76.5% for those aged 16 to 64, with economic inactivity at 20.2% for those in the same age group.

ONS Director of Economic Statistics Darren Morgan said some of the effects of the labor market pandemic had begun to subside in July as parts of the economy reopened. Fewer workers were off the field and average hours increased.

36,000 left the payroll in August, but Mr Morgan added: The number of vacancies continued to recover in August, too.

However, with the number of employees on the payroll back in August and unemployment and surpluses rising sharply in July, it is clear that the coronavirus still has a major impact on the world of work.

The ONS said the rise in unemployment has particularly affected young people, as it revealed a 76,000 increase in the number of unemployed people aged between 16 and 24 over the past year.

He explained that easing the restrictions on the July blockchain without hours that began to recover from May to July, but they remain low, while wage levels continued to fall once they were adjusted for inflation.

The retail sector has been hit particularly badly, but is now showing some signs of recovery in job vacancies, the ONS said (Photo: AP)

The number of paid employees in the UK in July 2020 fell by 1.9%, compared to the same period last year, while early estimates for August show that the number of paid employees fell by 2.2% compared to August 2019.

There was more positive news about job vacancies, which the organization said continued to recover in August, particularly in hospitality, health and social work, transportation and storage and retail, which have seen huge increases since May. . While job vacancies are still significantly below pre-virus levels, there were 434,000 in the three months to August an increase of 30% from a record low in the previous quarter.

The latest figures follow a host of job losses reported by companies in sectors badly hit by Covid-19 and amid fears this winter could see massive unemployment with the end of the Furlough scheme and more economic uncertainty.

Companies have been regularly reporting surpluses in recent weeks, with London City Airport most recent to reveal cuts after announcing the loss of 239 jobs on Monday.

Last month, figures showed the Britains economy had hit the GDP of every G7 country the worst and suffered the worst Covid-19 death rate in Europe.

Get in touch with our news team by emailing us at [email protected].

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