The number of people in work in the UK fell by 220,000 in the last quarter
Despite billions spent on the job retention ‘furlough’ scheme, UK employment dropped by the largest amount in over a decade between April and June, ONS figures show.
Due to the coronavirus lockdown, the number of people recorded as ‘in work’ fell by 220,000 on the quarter, according to the Office for National Statistics.
Before the lockdown, the UK had recorded the highest number of people in work and looked forward to a strong recovery following ten years of post-2008 recession austerity.
The numbers of unemployment benefits claimants rose sharply from just over 1 million to 2.7 million in the first six months of this year.
More bad news for UK jobs is on the way with one in three UK employers planning further redundancies, which are up fivefold on last year.
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By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.
There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.
If you’d like further information on how to survive the crisis and even quit the rat race, email me at Charles@CharlesKelly.netor send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com
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