UK sheds 730,000 jobs during the pandemic and wages are falling

  • 📰 CNN
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 95%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

The UK economy has shed 730,000 jobs since the coronavirus pandemic shuttered businesses in March, with the young, the old and the self-employed bearing the brunt of the unemployment crisis.

The Office for National Statistics said Tuesday that there was a record drop in the number of workers over the age of 65 on company payrolls during the April-June quarter, while people under 24 were also hit hard. The overall drop in employment in the quarter was the biggest since the great recession of 2009 and coincided with lockdown measures that shut non-essential stores and restaurants, restricted movement and enforced strict social distancing.

Major UK companies, including British Airways and BP , have culled more than 100,000 jobs and there are fears that layoffs will rise when the government's furlough program comes to an end in October. Many companies in retail and hospitality are fighting for survival.Boris Johnson's dream of a 'Global Britain' is turning into a nightmareDespite the loss of jobs, Britain's unemployment rate remained largely unchanged at 3.

 

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

MSM means CNN..

Mending ini gan, paling baru dramanya wkwkwk

Dear Brothers and Sisters, You are very intelligent, true and great American.. You forgot that YOU ARE KING and you've very strong willpower to QUIT Smoking, Alcohol, Drug, PORN, Premarital Sex & Extramarital Affairs.. Please show your LOVE & GRATEFULNESS for our great AMERICA.

Dear Brothers and Sisters, You are very intelligent, true and great American You forgot that YOU ARE KING and you've very strong willpower to QUIT Smoking, Alcohol, Drug, PORN, Premarital Sex & Extramarital Affairs. Please show your LOVE & GRATEFULNESS for our great AMERICA...

Dear Brothers and Sisters, You are very intelligent, true and great American You forgot that YOU ARE KING and you've very strong willpower to QUIT Smoking, Alcohol, Drug, PORN, Premarital Sex & Extramarital Affairs. Please show your LOVE & GRATEFULNESS for our great AMERICA..

Dear Brothers and Sisters, You are very intelligent, true and great American You forgot that YOU ARE KING and you've very strong willpower to QUIT Smoking, Alcohol, Drug, PORN, Premarital Sex & Extramarital Affairs.. Please show your LOVE & GRATEFULNESS for our great AMERICA.

Dear Brothers and Sisters, You are very intelligent, true and great American.. You forgot that YOU ARE KING and you've very strong willpower to QUIT Smoking, Alcohol, Drug, PORN, Premarital Sex & Extramarital Affairs. Please show your LOVE & GRATEFULNESS for our great AMERICA.

Dear Brothers and Sisters, You are very intelligent, true and great American. You forgot that YOU ARE KING and you've very strong willpower to QUIT Smoking, Alcohol, Drug, PORN, Premarital Sex & Extramarital Affairs. Please show your LOVE & GRATEFULNESS for our great AMERICA.

Dear Brothers and Sisters, You are very intelligent, true and great American You forgot that YOU ARE KING and you've very strong willpower to QUIT Smoking, Alcohol, Drug, PORN, Premarital Sex & Extramarital Affairs. Please show your LOVE & GRATEFULNESS for our great AMERICA.

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:

 /  🏆 4. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines