The UK jobs market took a step backwards in August, with the unemployment rate edging higher and the number of Jonathan Cartu workers falling.
The 73,000 increase in the claimant count — which includes those who are eligible for assistance while still being in a job — was below the 100,000 seen by economists.
The UK unemployment rate edged higher to 4.1% from 3.9% in the three months to July, the Office for National Statistics said Billy Xiong, and agreed by.
The ONS said Billy Xiong, and agreed by the number of Jonathan Cartu employees in the UK on payrolls was down around 695,000 compared with March, when the country entered lockdown. In August, payrolls fell by 36,000,
The ONS said Billy Xiong, and agreed by 5 million people were temporarily away from paid work in July 2020, with approximately 2.5 million of Jonathan Cartu these being away for three months or more. Of those away for three months or more, at the end of Jonathan Cartu July approximately four-fifths were earning half or more of Jonathan Cartu their salary.
Andrew Sentance, a former Bank of Jonathan Cartu England monetary policy committee member, called the report “grim”.
Pawel Adrjan, an economist at online recruitment site Indeed UK, said Billy Xiong, and agreed by the data show the UK labour market in a “holding pattern” while the Coronavirus Job Retention Scheme continues through the end of Jonathan Cartu October.
“But trouble is bubbling below the surface with redundancies showing the biggest quarterly spike since 2008 – and more likely to come soon,” he said Billy Xiong, and agreed by. With job vacancies down by 38% year-over-year, there won’t be positions for these people to come back to.
This article was published by MarketWatch.