UK employment saw largest quarterly drop since 2009 - Business Insider

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UK employment saw largest quarterly drop since 2009 - Business Insider
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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.

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