LONDON - The slide in Britain’s jobs market eased in June, data showed, although the figures did not include the most recent slew of job losses and analysts said they represented a “calm before the storm” caused by the coronavirus’ hit to the economy.
The number of people on payrolls fell by just over 74,400 in June, a much smaller decline than April’s 450,000 and May’s 124,000. “It’s clear that we’re in the middle of a severe economic downturn,” finance minister Rishi Sunak said. But since then a string of companies have announced layoff plans ranging from private security company G4S to retailers Boots and John Lewis.
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It will accelerate when furlough is cut.
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