UK employment falls and wages shrink as Covid-19 hits jobs market - business live

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Rolling coverage of the latest economic and financial news, as nearly three quarters of a million people lose their jobs since March

The slump in employment highlights the need for effective test-and-trace systems, says Matthew Percival, CBI Director for People and Skills: “This data shows the devastating mark left on the labour market by the coronavirus crisis. With the UK under stringent lockdown measures to contain the virus in the quarter to June, fall in jobs and hours worked is to be expected. “More positively, there is a small rise in vacancies, particularly in the hospitality sector as restrictions were relaxed.

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Wow totally shocked who would have guessed?

this tragedy will be continued until BorisJohnson and RishiSunak are on the power.

And no decrease in earnings for FTSE 100 Chief Executives. Welcome to a fairer Britain as the Chancellor warns of tough times ahead.

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Battered travel industry urges UK to rethink Covid-19 quarantine policyTourism sector concerned at impact on holidaymakers as rise of cases in Europe puts more countries on list It's not the government you need to convince. It's the virus. Ahh the good old 'we're going broke, so if you wouldn't mind relaxing these important restrictions so we can make some money' approach. Fuck it if people die they die They haven't learned that it's better for everybody to just shut things down, shut down the virus, and THEN open up. All these little economic exemptions just drag it out.
Source: The Guardian - 🏆 84. / 53 Read more »