U.K. employment sees the biggest slump since the financial crisis
As the economic toll of the coronavirus crisis deepens, the U.K. has recorded its biggest quarterly drop in employment since the depths of the recession more than a decade ago, with 220,000 fewer people in work between April and June, the U.K.'s statistics agency revealed.PA Images via Getty ImagesThe drop in employment is the largest seen in the U.K.
The number of people on payroll across companies in the U.K. fell by 730,000 since March, figures also out on TuesdayYounger workers aged under 24, or older workers have been the most impacted, the ONS said. The number of self-employed people also dropped by 240,000, to 4.76 million, while workers on less stable zero-hours contracts—or casual contracts—has risen over 1 million.
Responding to the figures, Britain’s finance minister, Rishi Sunak, said: “I’ve always been clear that we can’t protect every job, but...we have a clear plan to protect, support and create jobs to ensure that nobody is left without hope.”3.9%. That’s the U.
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