UK employment saw largest quarterly drop since 2009 - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

The number of people employed in the UK dropped by the most since 2009 — a sign the jobs market may face yet more pain from the COVID-19 crisis

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Employment in the UK dropped by the most since 2009, signalling that more pain may lay ahead for British-based workers, data released Tuesday showed.

Those claiming unemployment benefits, which includes universal credit and jobseeker's allowance, rose about 117% to 2.7 million in July from March 2020.Jobs in the UK have seen the largest quarterly drop since the 2009 global financial crisis, according toEarly indicators showed that the number of employees on payroll in July dropped by 730,000 as compared to March, when the COVID-19 crisis began, the Office of National Statistics said.

Data showed the UK's headline unemployment rate stood at 3.9% for April to June, the period that covered the immediate aftermath of the pandemic, unchanged from a previous reading.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

If you're unemployed, Business Insider wants to hear from you - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Thank god, it’s only for US
Source: BusinessInsider - 🏆 729. / 51 Read more »

Royal Caribbean stock rises 10% after seeing strong 'pent up demand' for summer 2021 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 🤞🏽🤞🏽🤞🏽🤞🏽 Time to buy bake stocks. May be pent up demand but they’ll burn through it quickly and then I question how many actual new customers they will find. Everyone saw these ships turn into Covid death traps...
Source: BusinessInsider - 🏆 729. / 51 Read more »

CTV spending sees strong growth amid broader revenue decline - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

After Bird loses Paris, scooter insiders predict consolidation - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Try bidding in India 🇮🇳 What's unique about this market is that the marketing is wholly reliant on the physical world. They need to just sell to Uber at this point.
Source: BusinessInsider - 🏆 729. / 51 Read more »

How I'm supporting Black- and women-owned businesses during COVID-19 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I’m good with doing business with good companies regardless of the owner’s colour, but i’ve never been really trendy.
Source: BusinessInsider - 🏆 729. / 51 Read more »